It is for the first time in four days before the SA's third-quarter current account data release that rand has fell on Thursday with most of the trader's eyeing upon the SA's data release in a hope to see South Africa's current account widening in the third quarter and after Standard & Poor's cut Greece's debt rating.

"After Friday's trade data shock, the market is going to be very sensitive to the 3Q12 current account deficit figure", RMB said, in a note on Thursday. It added that the market forecasts have started ranging from 6.1 percent to 6.9 percent of gross domestic product, which raises the possibilities of generating another major rand spike.

According to the recent market reports, on Wednesday, rand closed at R8.7667 but at 8.28am, it was bid at R8.7731 to the US dollar. Also, the local currency was bid at R11.4564 to the euro from its previous close of R11.4548 and at R14.1152 against sterling from R14.0977 before.

Gold was noticed to be trading at $1689.97 per ounce whereas euro was bid at $1.3055 from its Wednesday's close of $1.3068. Experts have stated that the dollar/rand has only managed to recoup from its Friday's losses.