South Africa's rand firmer as risk appetite returns

South Africa's rand firmed slightly against the dollar on Thursday, as recently battered emerging markets continued to benefit from China's moves to support its economy by easing monetary policy. "The rand has failed to set a higher high over any the trading sessions since Monday’s mess and there is potential for the currency to head back below 13.0000 again," Standard Bank trader Warrick Butler said. The local unit had also pulled back substantially against most of South Africa's trading