Rand weakens at start of busy data week

  • 📰 Moneyweb
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 77%

South Africa Headlines News

South Africa Latest News,South Africa Headlines

In early trade the rand was at R18.89 to the dollar.

The rand weakened in early trade on Tuesday as the US dollar rose, ahead of a leading business cycle indicator release and other economic data points later in the week. At 0634 GMT, the rand traded at R18.89 against the dollar. The dollar last traded around 0.15% stronger against a basket of global currencies.

At 0700 GMT the South African Reserve Bank will release the country’s leading business cycle indicator for July and at around 0900 GMT the government will hold its weekly government bond auction. South Africa will also release producer price inflation, money supply, trade balance and budget figures for August this week, which will give clues on the health of the economy.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Rand Water respond to calls for CEO to step downA petition to remove Rand Water CEO has over 6,000 signatures.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

Ex Kaizer Chiefs star stashed R392k per weekA former Kaizer Chiefs cult hero was earning as much as R18 million per year in Belgium not so long ago. Must be nice!
Source: TheSAnews - 🏆 25. / 59 Read more »

Former MTN South Africa CEO in $1 million pay dispute with the network operatorFormer MTN South Africa CEO Ahmad Farroukh is taking his previous employer to court after the company allegedly refused to pay his severance of over R18 million.
Source: mybroadband - 🏆 11. / 67 Read more »

Edwin Sodi's birthday celebration in his 'R100m' mansion [watch]Corruption-accused businessman and casanova Edwin Sodi celebrated his birthday at his multimillion rand luxury mansion. Take a peek inside...
Source: TheSAnews - 🏆 25. / 59 Read more »

South Africa: Minister Mchunu Slams Absentee Joburg Mayor After Two-Thirds of the City Hit By Water CutsJohannesburg residents should brace for a tough summer as Rand Water implements water shedding, councillors have warned.
Source: allafrica - 🏆 1. / 99 Read more »