The rand opened stronger on Monday, lifted by global optimism over coronavirus vaccines and shrugging off ratings downgrades that are likely to push up government borrowing costs. At 07:02 GMT, the rand traded at 15.3700 versus the dollar, 0.4% firmer than its previous close. The upbeat global market mood comes after a top official of the US government's vaccine development effort said on Sunday that the first vaccines could be given to US healthcare workers and others recommended by mid-December.
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