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 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.
South African Rand coins are seen in this photo illustration taken September 9, 2015. REUTERS/Mike Hutchings
* 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.
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* Currency struggling to clear 14.3000 resistance, seen range bound, possibly hawkish Federal Reserve statement on Wednesday posing downside risks.
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