Rand Slips Ahead of South Africa Inflation and Interest Rate Decisions

The South African rand edged lower ahead of the release of August inflation data and an interest rate decision by the central bank.
The rand traded at 19.0275 against the dollar on Tuesday morning, more than 0.1% weaker than Monday.
Most analysts expect the South African Reserve Bank (SARB) to leave its main interest rate unchanged at 8.25% at its meeting on Thursday.
South Africa's benchmark 2030 government bond yield was marginally higher in early trading on Tuesday.
The dollar was slightly stronger against a basket of global currencies, up around 0.095%.

reuters.com

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Posted 9/19/2023, 6:47:34 AM