JOHANNESBURG, May 5 (Reuters) - The South African rand
fell on Friday as a deepening crisis across U.S. regional banks
kept global investors on tenterhooks and boosted demand for
safe-haven assets.
At 0817 GMT, the rand traded at 18.3725 against the dollar , down more than 0.4% on its closing level on Thursday.
The rand is highly sensitive to shifts in global investor
sentiment.
No major South African economic data releases are due on
Friday. The government will hold its weekly auctions of
inflation-linked bonds and Treasury bills, and the electricity
minister will brief reporters on efforts to end crippling power
cuts.
On the Johannesburg Stock Exchange, the Top-40 index was up about 0.6%, in line with similar gains elsewhere
in emerging markets.
South Africa's benchmark 2030 government bond was
slightly weaker, the yield up 3 basis points at 10.120%.
(Reporting by Alexander Winning; Editing by Conor Humphries)
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