South Africa's rand firmed slightly on Wednesday after Tuesday's heavy losses but traders said it would stay under pressure and at the mercy of international developments and stock market movements.
The market would also be watching for local trade data due at 14:00, with the notoriously volatile trade balance expected to have swung back into deficit after December's unexpected, small surplus.
The domestic currency was trading at R7.2728/US$ at 08:55, a touch firmer than its previous close in New York of R7.2780.
Read more at FIN24.co.za
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