The rand was at 11.0350 to the dollar at
It rose more than 1 percent to 10.9760 yesterday as emerging market currencies rallied on a weaker dollar.
The US will release the closely watched non-farm |payrolls report later today which will determine how |the dollar performs and whether the rand can maintain its present stability.
"We believe that the true litmus test for the rand will be its reaction to today's US employment report release for January,"
"If the report proves encouraging then the rand |is likely to incur a fresh bout of weakness, while a disappointing result could ensure further short covering into the weekend," analysts said.
The yield on the 2026 government bond fell 5 basis points to 8.655 percent while that on the 2015 paper dropped 5.5 basis points to 7.045 percent. - Reuters
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