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.
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.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
FG approves salary increase for civil servants
Reverse hike in electricity tariff or face lawsuit - NBA threatens DisCos
Badagry residents stranded as petrol hits ₦1,000 per litre amid fuel scarcity
NNPC staff alleged of luxury acquisition of properties threatens lawsuit
Ogun Govt warns residents on impending flood disaster, urges relocation
15-yr-old girl predicts her JAMB score but scored 12 marks below prediction
Workers Day: FG declares May 1 public holiday
Sanwo-Olu grants ₦849.5m scholarships, bursaries to 10,000 tertiary students
Wike orders urgent repairs for Dogon Gida Culvert to prevent loss of lives
ADVERTISEMENT