US biotech firm Moderna says that an early trial of its coronavirus vaccine showed promising results
The rand was on track for its second day of gains on Tuesday as progress in finding a Covid-19 vaccine lifted risk sentiment.
At 11.56am, the rand had strengthened 0.45% to R18.2513/$, 0.15% to R19.9737/€, while it was flat at R22.3400/£. The euro had firmed 0.28% to $1.0947. The yield on the R2030 government bond had fallen 54 basis points to 9.05%. Bond yields move inversely to prices.
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