JOHANNESBURG (Reuters) – confirmed early on Monday, at the start of a week full of economic data releases that will shed light on the health of Africa's most industrialized economy going into the new year.
At 0732 GMT, the rand was trading at 17.94 against the dollar, about 0.5% stronger than its previous close.
“The (thing) was able to make up some ground last week, which could extend through the start of this week, although with so much domestic data to come, there is likely to be some trade concern.” take any significant direction,” he said. ETM Analytics in a research note.
Investors focused on South Africa this week will look to Tuesday's mining production and manufacturing data and Wednesday's retail sales figures.
Also on Statistics Wednesday South Africa will publish consumer inflation data for November, and on Thursday it will release producer inflation numbers for the same month.
“All of these data sets are relevant as investors try to gauge expectations for the US economy over the coming year,” the ETM note said.
On the Johannesburg Stock Exchange, the Top-40 index was down slightly in early trade.
South Africa's 2030 government bonds were little changed, yielding at 8.925%.
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