The South African rand recovered early on Tuesday, as the dollar pulled back from a two-decade peak amid fears that aggressive interest rate hikes by the Federal Reserve would push the U.S. economy into recession.
At 0632 GMT, the rand traded at 15.9900 against the dollar, 0.87% stronger than its previous close.
The dollar index , which measures the greenback against a basket of six major peers, was trading at 104.95, below a 20-year peak of 105.29 struck on Monday.
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