South African Rand Holds Steady Against the Dollar
The rand is trading sideways against a weak US dollar as investors focus on upcoming critical domestic economic data releases.
◉ 0 views
The South African rand held steady against the dollar in early trade on Wednesday, trading near its previous close.
Markets Eye Domestic Data
Investors are awaiting the release of critical domestic economic data that will provide clues on the state of Africa's largest economy.
Exchange Rate and Global Factors
Supported by a weak US dollar and rising gold prices which helped recoup losses, the currency maintains a cautious stance ahead of data releases on Thursday.
Developments in the Bond Market
South Africa's benchmark 2035 government bond started the day on a weak footing, with the yield rising by 3 basis points to 8.65%.