[CURRENCY] At 11:30, the rand traded at R19.05 against the dollar. Moneyweb Currency
The rand firmed in early trade on Monday, recovering from an all-time low hit against the dollar last week as investors were spooked by possible sanctions amid US allegations, rejected by Pretoria, that South Africa had shipped arms to Russia. At 09:56, the rand traded at R19.050 against the dollar .
South African officials swiftly rejected the US claims and said it had not approved any arms shipment to Russia in December. On the stock market, the Top 40 and the broader all-share index were both up nearly 0.1% in early trade. South Africa’s benchmark 2030 government bond was stronger in early deals, with the yield down 20 basis points at 10.740%. The country’s international bonds also rose more than 1.
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