Rand edges up

Rand edges up Holding its own against dollar The festive season lull has proven positive for the strength of the rand and Namibian dollar. South Africa's rand edged up against the dollar in thin year-end trade on Tuesday, mainly tracking firmer emerging market currencies in the absence of market-moving local news, while an upbeat tone in major overseas equity markets boosted stocks.

The US dollar held near 14-year peaks on Wednesday as global yield spreads moved inexorably in its favour, while a falling Yen lifted Japanese shares to a one-year top.

NAMPA/REUTERS