Johannesburg - The rand steadied against the dollar on Friday on renewed appetite for risky assets after a ceasefire accord in Ukraine and hopes of a resolution between Greece and its creditors.
At 08:50 the rand was trading at R11.7240/$ compared with its Thursday closing level of R11.7225.
Germany, France, Russia and Ukraine agreed to a deal calling for a ceasefire between Ukrainian forces and Russian-backed separatists starting Sunday, taking sting out of investors fear on global economic growth.