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The rand strengthened in early trade on Thursday to 17.11 per dollar, 0.36% stronger than the previous close. Traders were awaiting third-quarter current account data and October manufacturing output.
Economists polled by Reuters expected the current account deficit to narrow to 0.8% of GDP and manufacturing to rise 4.5% year on year.
A firmer rand reduces the local cost of dollar-priced feed imports, but this is routine pre-data trading with no major new driver.
brecorder.comReutersDec 8, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
