South Africa's rand held its ground against the dollar early on Monday, after a larger-than-expected June trade surplus pushed the currency to its firmest in more than eight months in the previous session.
Rand steady, stocks to open higher
At 0645 GMT, rand trades at 13.9040 to dollar, not far off Friday's close of 13.8900. Rand trades at strongest levels since November 2015.
A street money changer counts South African Rands in Harare, Zimbabwe, May 5, 2016. REUTERS/Philimon Bulawayo
* At 0645 GMT, rand trades at 13.9040 to dollar, not far off Friday's close of 13.8900.
* Rand trades at strongest levels since November 2015.
* Analysts say currency to take its cue from global eventsthis week, with little in the way of local data.
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* Local bourse to open higher at 0700 GMT, blue chip futuresindex rises 0.84 percent.
* Government bonds firm, yield on 2026 benchmark dips 6basis points to 8.59 percent.
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