JOHANNESBURG: South Africa's rand held steady against the dollar in early trade on Tuesday, as investors shrugged off renewed trade concerns after U.S. President Donald Trump seemed to quash hopes of a trade truce with China.
* At 0710 GMT, the rand traded at 13.8850 per dollar, 0.22 percent firmer, having closed in New York at 13.9150.
* The currency is expected to trade in a range of 13.7500 to 14.0500 to the dollar on Tuesday, NKC African Economics said in a note.
* The markets are awaiting insights and developments from the G20 this week. On Monday, President Trump indicated that he is prepared to impose additional tariffs on $200 billion in Chinese imports to 25 percent from 10 percent currently.
* The rand remains under pressure as investors await for cues from the Federal Reserve about monetary policy direction.
* South Africa-focused investors were awaiting the release of the BER business confidence report due later in the day.
* Government bonds were weaker early on Tuesday, with the yield on the benchmark instrument due in 2026 up 1 basis point at 8.970 percent.
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