The rand was slightly firmer on Wednesday morning, as risk assets found support from comments from US President Donald Trump that a March 1 deadline for new tariffs on China is not set in stone. US markets pushed higher based on this on Tuesday, with Asian markets and emerging-market currencies also benefiting on Wednesday morning. At 9.30am the rand was 0.2% stronger at R13.7417/$, 0.22% firmer at R15.5636/€, while remaining flat at R17.7481/£. The euro was little changed at $1.1326. Unlike its peers, however, the rand was not revelling in renewed risk appetite, weighed down by domestic constraints, said Rand Merchant Bank analyst Nema Ramkhelawan-Bhana. Rolling electricity blackouts and less than favourable economic data have left investors uneasy about the prospects for the local currency, she said, with three-month rand-dollar implied volatility above its 50-week moving average. Implied volatility is a measure of sentiment towards a currency, measuring the range in which traders...

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