The South African rand was little changed in early trade on Thursday ahead of the release of the producer price index (PPI) and other data, which will give clues on the health of Africa's most industrialised economy.
The dollar last traded around 0.08% stronger against a basket of global currencies.
"In the way of data, there is nothing at the moment that is likely to boost the performance of the rand, other than maybe an upside surprise to PPI that prompts speculation of more rate hikes," ETM Analytics said in a research note.is due around 0930 GMT and is forecast to show an increase of 3.7% in August, following a 2.7% increase in July.
At 0800 GMT, the South African Reserve Bank will publish its quarterly bulletin, which will contain foreign direct investment and portfolio investment flows for April to June 2023. South Africa's benchmark 2030 government bond was weaker in early deals, with the yield up 10.5 basis points to 10.935%.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South Africa: Meteorite Discovery - Unusual Finds By South African Farmer Add to Space Rock HeritageAnalysis - Meteorites - fragments of rock that have fallen to Earth from space in spectacularly fiery meteors - have been the subject of public fascination, awe, myths and even religious worship for thousands of years.
Read more »
Fake govt tenders, suppliers fleecing South African businesses of millionsSouth African businesses have lost, and continue to lose, millions through a procurement scam where con artists impersonate both government departments and suppliers.
Read more »
The average South African needs to work 27 days to afford the iPhone 15 ProPicodi has published its 2023 iPhone Index, which compares the launch prices of Apple’s flagship smartphones with the average worker’s earnings in 64 countries.
Read more »
Acer Nitro V 15 South African pricing and availability revealedThe Acer Nitro V 15 is a robust gaming PC with serious hardware at a somewhat affordable price point starting at R19 999.
Read more »
This Young South African’s Rendition Of ‘I Feel Good’ Is Making...A South African schoolboy has gone viral for his 'feel good' vibes, even garnering praise from the 'Whose Line Is It Anyway?' actor Wayne Brady.
Read more »