The rand retreated in early stages Monday, consistent with falls in local bonds and stocks, as investor appetite for riskier assets was muted.
The rand was 0.27% weaker at 14.19 per dollar at 0702 GMT, having closed in Nyc at 14.15.
The currency is required to trade between 14.05 and 14.35 to your dollar on Monday, NKC African Economics wrote within a note.
The rand were being supported on Friday by upbeat trade data showing a surplus of R8.79 billion in August.
South Africa-focused investors were awaiting the discharge on the Absa/BER manufacturing Purchasing Managers’ Index (PMI) for September, and new vehicle sales, on Monday.
In fixed income, the yield over the benchmark government bond due in 2026 rose 2 basis suggests 9.020%, reflecting weaker bond prices.
Stocks were also weaker, with the Top 40 Index down 0.4% noisy . trade.?
