Rand Weakens Ahead of U.S. Inflation Data While Awaiting Domestic Drivers

South African rand weakened 0.5% against the dollar as markets await U.S. inflation data
U.S. dollar traded 0.22% higher against global currencies
With no major South Africa data this week, U.S. and China factors will influence rand
Rand jumped over 1% Monday following positive China economic data
Johannesburg stock exchange little changed, government bond yields marginally higher

reuters.com

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Posted 9/12/2023, 3:25:00 PM