South Africa’s rand was steady in early trade on Thursday, ahead of the release of current account and local industrial data, which could give clues on the health of the economy.
At 0633 GMT, the rand traded at 17.2525 against the dollar, not far from its previous close of 17.2475.
South Africa’s central bank will publish second-quarter current account numbers at 0900 GMT, while Statistics South Africa is set to release July industrial production figures at 1100 GMT.
South African rand slumps to 2-year low as dollar surges
The dollar index, which measures the currency against six rivals, was last trading at 109.57, after hitting a peak of 110.79 on Wednesday, a level unseen since June 2002.
The government’s benchmark 2030 bond was higher in early deals, with the yield down 4.5 basis points to 10.330%.
Comments
Comments are closed for this article.