In South Africa Rand rebounds as dollar falls ahead of Fed

Rand up 0.24 percent on Tuesday to 14.3250, compared to New York close at 14.3600.

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South African Rand coins are seen in this photo illustration taken September 9, 2015. REUTERS/Mike Hutchings play South African Rand coins are seen in this photo illustration taken September 9, 2015. REUTERS/Mike Hutchings
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South Africa's rand firmed on Tuesday, recouping some losses from the previous session as the dollar backtracked ahead of the U.S. central bank's interest rate on Wednesday.

* Rand up 0.24 percent on Tuesday to 14.3250, compared to New York close at 14.3600.

* Blue chip Top-40 futures index up 0.45 percent, indicating bourse will open firmer at 0700 GMT.

* Government bonds also firmer, yield on paper maturing in 2026, cuts 3 basis point to 8.76 percent.

* Currency struggling to clear 14.3000 resistance, seen range bound, possibly hawkish Federal Reserve statement on Wednesday posing downside risks.

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