Market News
South African rand softer; focus on mid-term budget next week - REUTERS
JOHANNESBURG, Oct 25 (Reuters) - South Africa's rand weakened in early trade on Friday while local investors geared up for the country's mid-term budget next week.
At 0751 GMT, the rand traded at 17.6975 against the dollar , about 0.2% softer than its previous close.
The dollar last traded about 0.02% firmer against a basket of currencies.
With little domestic data on the radar on Friday, the risk-sensitive rand will likely take direction from movements in the greenback.
