JSE data showed offshore accounts were net buyers of South African bonds and equities last week, breaking a three-week selling streak.
The dollar suffered because of weaker-than-expected US economic data.
Dealers said the rand's break through resistance at R10.90 in the previous session, and its ability to close stronger than that level, suggested further gains in store this week.
Charts showed the next level of dollar support at R10.7940.
"Should the dollar see further downside momentum, the rand could be due [for] further recuperation until the next wave of external pressure," said
Investors worry that labour unrest, with the platinum sector strike now in its fourth week, could limit rand gains.
Government bonds were mixed yesterday, The yield on the benchmark R186 bond, due in 2026, fell 2 basis points to 8.63 percent. But the yield on the shorter-dated R157 added 1.5 basis points to 7.145 percent.
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