Only a tad

This after the release of weaker-than-expected US industrial production data saw the dollar lose a bit of ground.

RMB AM and Business Day report however, analysts saw the rand's gains as limited and expected it to remain range bound for now.

At 4pm, the rand was quoted at R6,0776 to the dollar from R6,0651 on Wednesday. It was quoted at R7,5094 to the euro from a previous R7,4867 and at R11,2620 against sterling, unchanged from Wednesday's close.

There has been a bit of strength coming through the rand, following the US industrial production data, which was worse-than-expected, a market analyst said.

The analyst expected the rand to nevertheless remain in a R6-R6,25 range going into the weekend, unless US CPI numbers due out today surprised the market.

The dollar climbed yesterday as a mixed batch of US data generally did not disappoint traders, who had come to expect weaker numbers for the world's largest economy.