South Africa’s rand extended gains against an ailing dollar on Monday, as U.S. political ructions pushed the greenback close to a 13-month low against a basket of major currencies.
At 0700 GMT, the rand was fetching 12.9150/dollar, 0.15 percent firmer.
In fixed income the benchmark yield was unchanged at 8.515 percent.
Stocks opened firmer with the top-40 index up 0.58 percent.
Reporting by Ed Stoddard; editing by John Stonestreet – Reuters