JOHANNESBURG, Feb 6 (Reuters) - South Africa's rand was
flat early on Monday, as the U.S. dollar traded slightly lower.
At 0654 GMT, the rand traded at 17.4700 against the
dollar, 0.06% stronger than its previous close. The dollar was
last down 0.039% at 103.090 against a basket of currencies .
The market will keep a close eye on the Investing in African
Mining Indaba conference later in the day, which is bringing
together mining company executives, investors, and mines
ministers from across Africa and beyond to discuss industry
issues and to network.
This week's focus will be on President Cyril Ramaphosa's
annual State of the Nation Address in parliament on Thursday and
a possible cabinet reshuffle.
"For now, we can expect the rand to track the dollar,
perhaps seeing a slight risk-off tone ahead of Thursday
evening," Andre Cilliers, currency strategist at TreasuryONE
said in a note.
The government's benchmark 2030 bond was weaker
in early deals, with the yield up 2.5 basis points at 9.610%.
(Reporting by Anait Miridzhanian, Editing by Louise Heavens)
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