The South African (SA) Rand slipped in early trading on Monday as domestic investors awaited the release of the local manufacturing Purchasing Managers’ Index (PMI) and the October fuel-price adjustment.
The Rand traded at 16.6825 against the Dollar, about 0.2% down from its previous close
Domestic investors will look to the September Standard and Poor’s
Global whole economy PMI for clues on business conditions in the country.
Global whole economy PMI for clues on business conditions in the country.
A manufacturing PMI recently released showed that sentiment improved in September after three months of contraction, helped by a rebound in new orders
Later in the day, the Department of Petroleum Resources is expected to announce the monthly fuel-price adjustment.
SA’s benchmark 2035 government bond was slightly weak in early deals, as the yield rose 2 basis points to 8.88%
–Reuters–
