South African rand firms on softer oil; coalition talks in focus

JOHANNESBURG: The South African rand strengthened in early trade on Monday as softer oil prices helped ​ease inflation concerns, while investors assessed the outcome ‌of local municipal elections and coalition talks. At 0642 GMT, the rand traded at 16.4875 against the dollar , up about 0.4% ​from its previous close. Oil prices steadied on Monday after ​US President Donald Trump suggested new attacks on ⁠Iran were unlikely, but supply concerns lingered as ​vessels near the Strait of Hormuz came u

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