Updates to reflect afternoon trade
JOHANNESBURG, June 20 (Reuters) - The South African rand was up on Friday, as most emerging markets benefited from easing worries of an immediate U.S. involvement in the Iran-Israel conflict.
At 1436 GMT, the rand traded at 18.00 against the U.S. dollar ZAR=D3, up 0.2% from Thursday's close.
The dollar =USD edged up 0.1% against a basket of currencies, while crude oil prices LCOc1 dropped over 2% after President Donald Trump pushed back a decision on U.S. military involvement in the hostilities.
Domestically, investors will look to producer inflation ZAPPIY=ECI and leading indicator ZALEAD=ECI data due next week to gauge the health of Africa's most industrialised economy.
The Johannesburg Stock Exchange's Top-40 index .JTOPI was little changed despite drops between 1% and 3% at most gold and platinum miners, and of more than 6% at petrochemical firm Sasol SOLJ.J.
South Africa's benchmark 2035 government bond ZAR2035= was stronger. The yield fell 8 basis points to 10.06%.
(Reporting by Sfundo Parakozov and Alessandro Parodi; Editing by Rachna Uppal and Andrew Heavens)
((Sfundo.Parakozov@thomsonreuters.com))
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