South African rand rebounds as dollar falls ahead of Fed

JOHANNESBURG (Reuters) - South Africa's rand firmed on Tuesday, recouping some losses from the previous session as the dollar backtracked ahead of the U.S. central bank's interest rate on Wednesday. * Rand up 0.24 percent on Tuesday to 14.3250, compared to New York close at 14.3600. * Blue chip Top-40 futures index up 0.45 percent, indicating bourse will open firmer at 0700 GMT. * Government bonds also firmer, yield on paper maturing in 2026, cuts 3 basis point to 8.76 percent. * Currency struggling to clear 14.3000 resistance, seen range bound, possibly hawkish Federal Reserve statement on Wednesday posing downside risks. (Reporting by Mfuneko Toyana; Editing by Joe Brock)