South Africa's rand staged a recovery on Wednesday after three days of heavy losses as markets fretted over what U.S. President-elect Donald Trump's policies could mean for trade relations, while U.S.

The South African rand saw big swings last week, driven by Donald Trump’s re-election and eased tensions in the Middle East and Ukraine, but closed nearly unchanged at R17.52 to the dollar.

Currency fluctuations can be sudden and unpredictable, and that’s particularly true for emerging market currencies such as the rand

South Africa's rand slumped on Monday, buffeted by global headwinds including a softer gold price, the sputtering Chinese economy and uncertainty over future U.S. policy after Donald Trump's election victory.

It took less than a week for one of Citigroup Inc.’s recommended Trump trades to sink under water. A day after the US presidential election, the lender recommended buying South Africa’s rand and selling Mexico’s peso.