Meanwhile, Stats SA is set to release manufacturing production data for June
The rand was on track for its first day of gains in four against the dollar on Tuesday as hope for more stimulus boosted risk appetite while local focus shifts to manufacturing data later in the day.
At 11.53am, the rand had firmed 0.72% to R17.5727/$, 0.34% to R20.7021/€ and 0.42% to R23.0077/£. The euro had strengthened 0.37% to $1.1782.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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