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Johannesburg - The rand was mostly unchanged from its overnight levels in the morning session on Thursday, having bounced late yesterday, with the euro coming off against the dollar.
The local currency is likely to be range bound today, ahead of Friday's US payrolls data.
At 09:05 the rand was bid at R7.5036 to the dollar from R7.5137 at its previous close. It was bid at R10.4320 to the euro from its previous close of R10.4582 and was at R11.9372 against the sterling from R11.9676.
The euro was bid at $1.3972 from $1.3895 previously.
A local currency trader said: "The euro came off again yesterday, and the rand bounced later on. However the local currency is only marginally down with a likely range of R7.48-R7.58 against the dollar. The big news is tomorrow with US payrolls data."
- I-Net Bridge