South African rand flat in early trade

South African rand flat in early trade
South African Rand coins are seen in this photo illustration
JOHANNESBURG (Reuters) - South Africa's rand was little changed early on Thursday, after a weaker dollar gave it a boost in the previous session.

At 0653 GMT, the rand traded at 14.1600 versus the dollar, 0.04 percent weaker than its New York close on Wednesday.

The dollar has weakened amid concern that Republican plans for major U.S. tax cuts will be delayed. That helped emerging-market currencies bounce on Wednesday.

Stocks were set to open up at 0700 GMT, with the JSE securities exchange's Top-40 futures index up 0.11 percent.

Government bonds were also barely changed, with the yield on the benchmark instrument due in 2026 down 1 basis point to 9.26 percent.

South Africa is set to release monthly mining production data later on Thursday.

(Reporting by Alexander Winning, editing by Larry King)

2017-11-09 09:30:00

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