JOHANNESBURG (Reuters) -South Africa’s rand slipped on Wednesday, erasing modest gains made the previous day on improving risk sentiment as the dollar regained ground.
At 1529 GMT, the rand traded at 19.2300 against the U.S. dollar, 0.61% weaker than its previous close.
The dollar index, which measures the greenback against a basket of other major currencies, was last trading 0.20% higher at 105.88, recovering from a near two-week low.
There were no domestic economic data releases on Wednesday. March producer price inflation will be released on Thursday.
On the stock market, the Top-40 index closed up 0.77% while the broader all-share index ended 0.68% higher.
South Africa’s benchmark 2030 government bond was weaker, with the yield up 8 basis points to 10.775%.
(Reporting by Nellie Peyton and Bhargav Acharya; editing by Kirsten Donovan)
