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Johannesburg - The rand was steady against the dollar on Friday after hitting a two-week low in the previous session, and it is likely to take its cue from the latest trade figures due later.
The rand was at R10.1855/$ at 06:43 GMT, little changed from Thursday's New York close.
It hit a low of R10.25/$ on Thursday amid thin trading due to the Thanksgiving holiday in the United States before recovering to close at R10.1940/$.
South Africa's Revenue Service will release trade data for October at 1200 GMT after announcing earlier this month that it will now include in the monthly data its trade accounts with regional neighbours, where it holds surplus positions.
But analysts do not expect South Africa's large current account deficit to narrow significantly.
"The size and persistence of South Africa's current account deficit leaves it looking less robust to the tapering of QE than other countries in the "fragile five," Absa Capital analysts wrote in a note.
Besides South Africa, the so-called "fragile five" emerging market economies are India, Turkey, Indonesia and Brazil. They are seen as particularly vulnerable to the effects of the United States winding down its bond buying programme.
The yield on the 2026 government bond declined 2 basis points to 8.32% while that on the 2015 paper was also 2 basis points lower at 6.2%.
The rand was at R10.1855/$ at 06:43 GMT, little changed from Thursday's New York close.
It hit a low of R10.25/$ on Thursday amid thin trading due to the Thanksgiving holiday in the United States before recovering to close at R10.1940/$.
South Africa's Revenue Service will release trade data for October at 1200 GMT after announcing earlier this month that it will now include in the monthly data its trade accounts with regional neighbours, where it holds surplus positions.
But analysts do not expect South Africa's large current account deficit to narrow significantly.
"The size and persistence of South Africa's current account deficit leaves it looking less robust to the tapering of QE than other countries in the "fragile five," Absa Capital analysts wrote in a note.
Besides South Africa, the so-called "fragile five" emerging market economies are India, Turkey, Indonesia and Brazil. They are seen as particularly vulnerable to the effects of the United States winding down its bond buying programme.
The yield on the 2026 government bond declined 2 basis points to 8.32% while that on the 2015 paper was also 2 basis points lower at 6.2%.
