Rand weakens as trade talk moves remain in focus

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Statistics SA is expected to publish mining production data later in the day

The rand was weaker on Monday morning while investors await more news in the US-China trade talks.

Locally, investors continue to keep an eye on the SAA strike. About 3,000 workers downed tools last week demanding an 8% wage increase from the financially strapped national carrier. At 10.35am, the rand weakened 0.25% to R14.7504/$, after closing at R14.71 on Friday. It had weakened 0.45% to R19.1009/£ and 0.37% to R16.3201/€. The euro had strengthened 0.12% to $1,1064.

 

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