Rand steady, could soften on trade data

Johannesburg – The rand was flat against the dollar in early Monday trade, with the risk of weakening during the week if domestic trade data shows a widening deficit.

At 08:54 the rand traded at R10.5140 versus the greenback, a touch softer than Friday's close at R10.5105.

In fixed income, yields edged higher, with the 2026 benchmark adding 1.5 basis points to 8.205% and the 2015 paper inching up 1 basis point to 6.65%.

In addition to the trade data due out on Thursday, the market will also scrutinise unemployment, credit and producer inflation and monthly budget data numbers this week for pointers on the state of the economy, which has been beset by strikes.

On Monday Numsa said there had been some development in talks with employers over a wage offer that could end a walkout in the metal and engineering sector.

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
Subscribe to News24
Rand - Dollar
15.97
-0.2%
Rand - Pound
21.12
+0.0%
Rand - Euro
17.95
+0.1%
Rand - Aus dollar
11.34
-1.0%
Rand - Yen
0.14
-0.1%
Gold
1,780.53
+0.1%
Silver
22.43
+0.2%
Palladium
1,860.00
+0.3%
Platinum
959.00
+1.8%
Brent Crude
73.08
+4.6%
Top 40
66,375
+2.8%
All Share
72,793
+2.5%
Resource 10
69,963
+3.8%
Industrial 25
95,806
+2.6%
Financial 15
14,158
+0.5%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot