The rand was slightly stronger in early trade on Wednesday as the dollar slipped on global markets, before the release of producer inflation figures later in the day. The dollar was down about 0.1% against a basket of currencies.
Statistics South Africa will publish the March producer price index at 0930 GMT, shedding further light on inflationary pressures in Africa’s most industrialised economy. Analysts polled by Reuters expect producer inflation to fall to 10.95% in annual terms from 12.2% in February, but in month-on-month terms they see it rising to 1.4% from 0.6% in February.
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