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

The South Africa’s Rand has firmed against the dollar in early trade on Monday as risk appetite improved on signs the United States and China were close to striking a tariff deal to end their protracted trade war.

U.S.-China trade deal appears to be closer to reality, rolling back U.S. tariffs on Chinese goods, as Beijing makes pledges on structural economic changes and eliminates retaliatory tariffs, a source briefed on negotiations said on Sunday.

Locally, the focus this week is on GDP numbers for the last quarter of 2018 due on Tuesday and current account data for the same period to be released on Thursday. In fixed income, the yield on the benchmark government paper due in 2026 was down 2 basis points to 8.725 percent in early trade.

Source: Reuters