South Africa’s Rand Strengthens Amid Thin Early Trading

South African bank notes featuring images of former South African President Nelson Mandela (R) are displayed next to the American dollar notes in this photo illustration in Johannesburg August 13 2014. REUTERS/Siphiwe Sibeko/File Photo

South Africa’s rand strengthened in early trade against the dollar on Wednesday amid thin trading in a holiday-curtailed week.

At 06:45 GMT, the rand traded at 17.1600 against the dollar, 0.54% stronger than its previous close.

The dollar index, which measures the currency against six rivals, was flat at 104.21. Local investors will be looking at November trade balance figures due later at 12:00 GMT for clues on the health of the South African economy.

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