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South Africa’s rand improve on Friday March 9, after a week-long slide following U.S. President Donald Trump’s plan to impose tariffs on steel imports.

The rand has been under pressure all week as the spot prices of precious and industrial metals such as gold, platinum and iron ore have fallen due to the concern’s over Trump’s plan.

The currency was also hurt by European Central Bank President Mario Draghi’s cautious statement on Thursday, which dragged the euro down, and with the rand.