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AfricaSouth Africa s rand slips as dollar regains footing
Reuters
2 minute read
South Africa s rand weakened early on Tuesday, as the dollar rebounded from a fall in the previous session triggered by weaker-than-expected U.S. economic data.
At 0630 GMT, the rand traded at 14.4525 against the dollar, 0.35% weaker than its previous close.
The dollar drifted higher, pausing a monthlong decline as investors consider whether a roaring U.S. economic recovery may force interest rates higher, looking to upcoming economic data and policy speeches for clues. read more
The rand has mainly taken its cue from risk sentiment in global markets, in the absence of local catalysts.