Rand edges higher ahead of budget

The South African rand gained ground in early trade as the US dollar retreated from recent highs. Investors now focus on next week's medium term budget policy statement for fiscal clues.

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South African Rand coins are seen in this illustration picture taken October 28, 2020. REUTERS/Mike Hutchings/Illustration

South Africa's currency rose 0.3% to trade at 16.5575 against the United States dollar during early morning trade on Thursday.

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