Rand firmer before local retail sales, Fed minutes

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Rand firmer before local retail sales, Fed minutes
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[CURRENCY] At 0820, the rand traded at R16.38 against the dollar, ahead of local retail sales figures and US Federal Reserve minutes due to be released later in the day. Moneyweb Currency

The rand was slightly firmer in early trade on Wednesday, ahead of local retail sales figures and US Federal Reserve minutes due to be released later in the day.

June retail sales numbers will be published around 13:00, with analysts polled by Reuters expecting a 0.4% increase compared to a 0.1% rise in May.

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