The rand was steady in early trade on Thursday as geopolitical tensions and safe-haven demand eased after United States US President Donald Trump backed down from new tariff threats and proposals to annex Greenland by force, while a firmer dollar also pressured prices.
At 7:18 GMT the rand traded at 16.26 against the dollar, little changed from its previous close of 16.2550.
Like other risk-sensitive currencies, the rand often takes its cue from global drivers such as US policy.
