BR100 Decreased By (-0.33%)
BR30 Decreased By (-0.59%)
KSE100 Decreased By (-0.2%)
KSE30 Decreased By (-0.15%)
AGHA 6.61 Decreased By ▼ -0.06 (-0.9%)
BECO 4.36 Increased By ▲ 0.01 (0.23%)
BML 55.25 Decreased By ▼ -0.92 (-1.64%)
BOP 29.92 Decreased By ▼ -0.20 (-0.66%)
CNERGY 12.69 Decreased By ▼ -0.29 (-2.23%)
CSIL 5.23 Decreased By ▼ -0.08 (-1.51%)
FCCL 51.48 Decreased By ▼ -0.17 (-0.33%)
FFL 14.40 Decreased By ▼ -0.09 (-0.62%)
FNEL 1.20 Decreased By ▼ -0.01 (-0.83%)
KEL 6.01 Decreased By ▼ -0.05 (-0.83%)
KOSM 5.46 Decreased By ▼ -0.38 (-6.51%)
LOTCHEM 26.01 Decreased By ▼ -0.16 (-0.61%)
MLCF 90.85 Decreased By ▼ -0.38 (-0.42%)
NBP 161.87 Decreased By ▼ -2.32 (-1.41%)
NCPL 52.41 Decreased By ▼ -0.77 (-1.45%)
NPL 57.80 Decreased By ▼ -1.32 (-2.23%)
OGDC 315.00 Increased By ▲ 1.61 (0.51%)
PACE 9.81 Increased By ▲ 0.04 (0.41%)
PAEL 34.94 Decreased By ▼ -0.30 (-0.85%)
PIBTL 14.30 Decreased By ▼ -0.41 (-2.79%)
PPL 219.87 Decreased By ▼ -1.49 (-0.67%)
PRL 89.48 Decreased By ▼ -1.74 (-1.91%)
PTC 59.30 Increased By ▲ 0.11 (0.19%)
SSGC 23.24 Decreased By ▼ -0.06 (-0.26%)
TBL 8.65 Decreased By ▼ -0.10 (-1.14%)
TELE 7.41 Decreased By ▼ -0.20 (-2.63%)
TPL 21.01 Decreased By ▼ -1.02 (-4.63%)
TPLP 12.10 Decreased By ▼ -0.46 (-3.66%)
TREET 21.55 Decreased By ▼ -0.18 (-0.83%)
TRG 55.10 Decreased By ▼ -0.69 (-1.24%)
Markets

South African rand steady at start of data-filled week

Published Updated

JOHANNESBURG: South Africa's rand steadied against the dollar in early session on Monday, as traders focus on a slew of data due in the week that will provide insight into the nation's economic performance in the final quarter of last year.

* At 0635 GMT, the rand traded at 13.6175 per dollar, barely changed from its close of 13.6150 on Friday.

* Statistics South Africa will publish fourth-quarter 2018 unemployment figures and December manufacturing production numbers on Tuesday.

* The statistics agency will release December retail sales numbers on Wednesday, while mining production data for the same month is due on Thursday.

* Markets focus also on Finance Minister Tito Mboweni's budget speech on Feb. 20.

* "The U.S. dollar, which softened a touch against the euro last week, should provide an anchor to EM currencies this week depending on how political posturing plays out," RMB analysts Nema Ramkhelawan-Bhana and Mpho Tsebe said in a note.

* "The upshot is that in the absence of any feel-good local data, the rand and, by implication, local benchmark bonds, will have little impetus to veer from their current trading ranges, with investors likely to apply a light touch to domestic markets until Minister Mboweni's budget pronouncements next week," they added.

Copyright Reuters, 2019

Comments

Comments are closed for this article.