The rand was steady in holiday-thinned trade on Monday morning‚ with the dollar slightly weaker.
At 8.44am‚ the rand was at R15.0678 against the dollar from a previous close of R15.0768.
Against the euro the rand was at R16.3884 from R16.3689 previously.
The rand was at R22.5018 against the pound from R22.4691.
The euro was at $1.0875 from a previous close of $1.0855.
Barclays Research says‚ barring any more shocks‚ the stage is set for a further year-end relief rally by the rand amid extremely illiquid holiday markets.
Its year-end forecast for the local currency is R14.50/$.
The dollar has been broadly stronger in recent days after the US Federal Reserve increased interest rates last week.
- TMG Digital/BDlive
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