JOHANNESBURG- South Africa’s rand steadied early on Tuesday after falling the previous day, having failed to break through technical resistance at around 12.8500 against the dollar.
At 0645 GMT, the rand traded at 12.9600 per dollar, unchanged from its overnight close.
Stocks were set to open flat at 0700 GMT, with the JSE securities exchange’s Top-40 futures index largely unchanged.
In fixed income, the yield on the benchmark government bond due in 2026 fell 3.8 basis points to 8.507 percent.
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