South African rand strengthens amid thin trading

JOHANNESBURG, Dec 28 (Reuters) – South Africa’s rand strengthened against the dollar on Wednesday amid thin trading in a holiday-curtailed week.

At 1512 GMT, the rand traded at 17.1200 against the dollar, 0.77% stronger than its previous close.

The dollar index , which measures the currency against six rivals, was down 0.144% at 104.06.

On the stock market, the Top-40 (.JTOPI) and the broader all-share (.JALSH) indexes closed more than 1% higher.

The government’s benchmark 2030 bond was weaker in afternoon deals, with the yield up 7 basis points to 10.240%.

Reporting by Bhargav Acharya and Anait Miridzhanian; Editing by Andrew Heavens

Our Standards: The Thomson Reuters Trust Principles.

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