At 07:26 GMT, the rand traded at 18.58 per dollar , 0.38% softer than its previous close.
South Africa’s Rand weakened against the dollar early on Wednesday, pulled down by souring risk sentiment.The dollar index was last trading up 0.14% against a basket of currencies.
Israeli forces on Tuesday seized the main border crossing between Gaza and Egypt in Rafah, the southern Gaza city where more than one million displaced Palestinians have sought shelter during Israel’s seven-month-old offensive. Central bank data earlier showed South Africa’s net foreign reserves rose to $57.851 billion at the end of April, from $57.513 billion in March.
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