Market News
South African rand recovers further on bets coalition will hold - REUTERS
JOHANNESBURG, April 15 (Reuters) - The South African rand extended gains in early trade on Tuesday, bolstered by bets that the country's coalition government will remain intact despite disagreements over the budget.
At 0725 GMT the rand traded at 18.84 against the U.S. dollar , about 0.4% firmer on the day.
The rand fell to a record low last Wednesday on risk aversion over U.S. President Donald Trump's trade war and concerns that South Africa's national unity government could split.