JOHANNESBURG, March 27 (Reuters) - South Africa's rand
weakened against a stronger dollar on Monday, as investors
awaited a central bank decision on monetary policy later this
week.
At 0635 GMT, the rand traded at 18.2050 against the
dollar, 0.26% weaker than its previous close.
The dollar index , which measures the currency against
six major rivals, was up more than 0.2% at 103.20.
"Volatility in the rand remains the order of the day,
although the local unit did perform a little better last week,
at least against the dollar," ETM Analytics said in a research
note.
The South African Reserve Bank (SARB) will announce its rate
decision on Thursday, with markets expecting a 25-basis-point
hike.
The government's benchmark 2030 bond was slightly
stronger in early deals, with the yield down 1 basis points to
9.925%.
(Editing by Bernadette Baum)
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