South Africa's rand turned firmer against the dollar on Tuesday, climbing 1 percent mainly in line with a stronger euro in the absence of market-moving local data.
Rand gains 1 pct against dollar, tracks euro
At 1506 GMT the local unit was trading at 15.9900 to the dollar after briefly scaling 15.9710, compared with Monday's close at 16.1400.
A five rand coin is displayed by a South African Reserve emplyee in a file photo. REUTERS/ Juda Ngwenya
With many Asian markets closed for the Lunar New Year holiday, thin conditions might have amplified trading moves, market participants said.
Most markets in the region will re-open from Wednesday, with Chinese markets returning next week.
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