South Africa's rand was flat against the dollar in early trade on Thursday, as rising COVID-19 cases in China dented risk sentiment.
At 0645 GMT, the risk-sensitive rand traded at 17.0975 against the dollar, near its previous close of 17.0925.Countries including the United States, Japan and Indiaon Wednesday they would require COVID tests for travellers from China, which has said it would scrap quarantine rules for inbound travellers from Jan. 8.
Concerns over the spread of the virus during the nationwide travel rush for the Lunar New Year that falls on Jan. 22 and the uncertainty over how China's economy will fare following the removal of COVID controls have keptLike most emerging market currencies, the rand tends to take cues from global drivers in the absence of major local economic news.
South African government's benchmark 2030 bond prices gained in early deals, with the yield down 5 basis points to 10.235%.
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