JOHANNESBURG, Nov 22 (Reuters) - The South African rand slipped slightly in early trade on Friday, as the dollar climbed to a fresh 13-month high on global markets.

At 0713 GMT, the rand traded at 18.1275 against the dollar , down about 0.2% on Thursday's closing level.

The dollar was up around 0.1% against a basket of other major currencies .

The rand has been bolstered this week by the South African Reserve Bank opting for a small cut to its main interest rate (ZAREPO=ECI) , opens new tab, quashing hopes for a larger move, and by a decision by S&P Global to raise the outlook on the country's sovereign credit rating.

But the local currency remains highly sensitive to global drivers, including expectations for U.S. President-elect Donald Trump's policies. Since Trump's election win, the rand has fallen more than 4% against the dollar as emerging market currencies have come under pressure.

On the Johannesburg Stock Exchange, the Top-40 index (.JTOPI) , opens new tab was last up 0.3%. The benchmark 2030 government bond was little changed in early deals, the yield at 8.97%.

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https://www.reuters.com/markets/currencies/south-african-rand-slips-dollar-climbs-global-markets-2024-11-22/