But Tuesday will see the release of January money supply , trade and budget figures, as well as fourth-quarter unemployment numbers . The South African government's benchmark 2030 bond was little changed in early deals, with the yield down 0.5 basis points to 10.125%. (Reporting by Alexander Winning; Editing by Nivedita Bhattacharjee)
JOHANNESBURG, Feb 27 (Reuters) - The South African rand
was weaker on Monday, extending losses from the week before,
when a global financial crime watchdog added South Africa to its
list of countries needing special scrutiny.
At 0645 GMT, the rand traded at 18.4700 against the
dollar, about 0.2% weaker than its previous close.
The Financial Action Task Force, which sets standards on
combating money laundering and illicit financing, added South
Africa to its "grey list" on Friday, a knock to the reputation
of Africa's most advanced economy.
"Risk-off sets the tone for the local FX market open, which
had its own share of struggles into the close last week with the
grey-listing of South Africa as the final bit of bad news,"
analysts at Rand Merchant Bank said in a research note.
The dollar was up around 0.1% against a basket of global
currencies , after strong U.S. economic data reinforced
the view that the Federal Reserve will have to raise interest
rates further and for longer.
No major South African economic data releases are expected
on Monday.
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