Rand flat; focus on local and international data

The rand was little changed early on Thursday, as investors were cautious before a raft of local and international economic data releases.

At 0700 GMT, the rand traded at R18.69 against the dollar.

South Africa’s July producer inflation and trade figures are due around 0930 GMT and 1200 GMT, respectively.

US personal consumption data and the Federal Reserve’s favoured inflation gauge are also due later on Thursday, with US payrolls on Friday.

South Africa’s benchmark 2030 government bond was weaker in early deals, the yield was up 4.5 basis points at 10.250%.

Source: moneyweb.co.za