South Africa’s rand firmed slightly in early trade on Tuesday as risk appetite improved after US President Donald Trump left hospital following treatment for Covid-19.
Renewed hopes of US stimulus also supported riskier currencies.
At 0620 GMT, the rand traded at R16.57 versus the US dollar, a tad firmer than its previous close of R16.57.
After steep losses during the onset of the Covid-19 pandemic, the rand has regained levels last seen in March, mainly thanks to improved appetite for risk.
In fixed income, the yield on the benchmark government bond due in 2030 rose a single basis point to 9.505% in early trade.