The government's benchmark 2030 bond was slightly weaker in early deals, with the yield rising 2.5 basis points to 9.890%. (Reporting by Alexander Winning; Editing by Sherry Jacob-Phillips)
JOHANNESBURG, Feb 13 (Reuters) - The South African rand
was on the back foot in early trade on Monday, as the dollar
firmed on investor bets that the U.S. Federal Reserve would keep
monetary policy tight for longer.
At 0610 GMT, the rand traded at 17.9425 against the dollar , about 0.3% weaker than its closing level on Friday.
The dollar was up more than 0.1% against a basket of global
currencies , with market attention firmly pinned on
Tuesday's U.S. consumer price report and its implications for
the Fed's interest rate trajectory.
No major South African economic data releases are due on
Monday, so the rand will probably track global market moves.
South Africa's latest consumer price report is
due on Wednesday, when retail sales figures will
also be published.
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