The South African rand drifted lower against the dollar in early trade on Monday, at the start of a week in which local manufacturing and mining data will be released.
Analysts cited U.S. consumer inflation data on Wednesday as potentially a crucial driver for the rand.
"From a multi-day/week perspective, is in no man's land ... and looking for direction from U.S. CPI," Rand Merchant Bank analysts said in a research note. At 0610 GMT, the rand traded at 18.8850 against the dollar , around 0.1% weaker than its previous close. Like other emerging market currencies, the risk-sensitive often takes cues from big global drivers when there is little going on locally.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Beetle mania: The radical evolution of the VW South African-built 'Super Bug' 1600-S | LifeMuch like life forms adapt to their specific environments over a period of time, the same could be said for Volkswagen’s original Beetle, specifically the models built in South Africa from 1951 until the first month of 1979. | News24Motoring
Read more »
South African consumers apathetic, disappointedSouth Africans have become complacent, apathetic and disappointed in the service they receive from brands, businesses and the government. This is according to the fifth South African Customer Experience Report.
Read more »
South African lawyers use ChatGPT to argue case — get nailed after it makes up fake infoLawyers arguing a case in the Johannesburg regional court have learned the pitfalls of large language models like ChatGPT the hard way.
Read more »
South African archbishop included as Pope Francis puts stamp on church future with new cardinalsSouth African archbishop included as Pope Francis puts stamp on church future with new cardinals: Pope Francis on Sunday announced that he would elevate 21 churchmen to the high rank of cardinal, again putting his mark on the group that will one day…
Read more »
Weather service warns of disruptive snow in Eastern Cape, urges caution in initiation schoolsSnow is expected to fall from Sunday into Monday and is expected to result in dangerous driving conditions, potential road and pass closures.
Read more »