Rand rally resumes in early trade
SA’s rand buoyed by continued investor appetite for high-yielding assets.
|||Johannesburg - South Africa's rand resumed its recent rally on Tuesday on continued investor appetite for high-yielding assets, while inflation data from the US and the UK will be in focus later.
Read also: Rand steady in early trade
At 06h20 GMT, the rand was trading at 13.27 per dollar, 0.2 percent firmer from its Monday close of 13.31.
The high-yield, risk-on rally continues on higher oil prices.
The rand gained 5 percent this month on improved political and economic outlook and increased global risk appetite.
US and UK inflation figures were due later in the session.
In fixed income, the yield on 2026 benchmark government bond was largely unchanged at 8.435 percent.
REUTERS