March 20, 2017 / 7:28 AM / in 7 months

South Africa's rand at 19-month peak vs dollar, stocks set to open higher

JOHANNESBURG (Reuters) - South Africa’s rand extended gains against the dollar early on Monday as the U.S. Federal Reserve’s less hawkish-than-expected comments continued to drag the greenback lower.

South African bank notes featuring images of former South African President Nelson Mandela (R) are displayed next to the American dollar notes in this photo illustration in Johannesburg August 13 2014. REUTERS/Siphiwe Sibeko

Reporting by Olivia Kumwenda-Mtambo; Editing by Sherry Jacob-Phillips

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