The rand was weaker against major global currencies on Wednesday afternoon but somewhat rangebound, as markets waited for new catalysts.The US indicated on Tuesday that it would begin imposing another 25% of duties on an additional $16bn in Chinese imports, but risk assets continued to find some support from a stabilising Chinese yuan and upbeat earnings reports."There really is very little to discuss at the moment. Nothing has changed on the domestic or international front that is worth concerning ourselves with," Standard Bank currency trader Warrick Butler said.Analysts said the stronger dollar on Wednesday was largely a result of a pullback following gains by emerging-market currencies on Tuesday.Focus is now expected to shift to US inflation data on Thursday and Friday. Domestic markets are closed for the Women’s Day public holiday on Thursday.Some relief for the local currency also came in the form of a falling oil price, which had rallied earlier in the week in the wake of th...
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