South Africa's rand weakened on Thursday as the dollar recovered some ground after recent losses, a day after South Africa's national budget was tabled before lawmakers and met with resistance.

South Africa’s rand firmed early on Monday, ahead of a purchasing managers’ index (PMI) survey for the domestic manufacturing sector. At 0725 GMT, the rand traded at 18.66 against the U.S. dollar, about 0.

South Africa’s finance minister proposed scaling back tax increases and curbing spending in a bid to resolve a standoff over the budget in the nation’s fractious governing alliance. Watch this report for more details!

South Africa's rand gained on Friday due to record high gold prices that were driven by investors seeking safe haven assets amid worries over a global trade war. At 1457 GMT, the rand traded at 18.1850 against the dollar,