MARKET NEWS
South African rand gains as worries ease of US involvement in Middle East - - REUTERS
JOHANNESBURG, June 20 (Reuters) - The South African rand was up on Friday, as most emerging markets benefited from easing worries of an immediate U.S. involvement in the Iran-Israel conflict.
At 1436 GMT, the rand traded at 18.00 against the U.S. dollar , up 0.2% from Thursday's close.
The dollar edged up 0.1% against a basket of currencies, while crude oil prices dropped over 2% after President Donald Trump pushed back a decision on U.S. military involvement in the hostilities.
