South African rand little changed against dollar

JOHANNESBURG: South Africa’s rand was little changed in early trade on Monday, ahead of a slew of domestic economic data due this week. At 0607 GMT, the rand traded at 17.1950 against the US dollar, not far from its previous close of 17.2050.

This week, local investors will be looking at money supply, trade and budget balance figures for December, in addition to the purchasing managers’ index survey for January by S&P Global for clues on the health of the economy.

South African rand weakens after smaller rate hike

The dollar index, which measures the currency against six rivals, was last up 0.05% at 101.94. The government’s benchmark 2030 bond was unchanged in early deals, with the yield at 9.665%.