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The rand traded flat at 13.64 per dollar on Thursday after its recent rally to a one-month high. Investors were waiting for October producer inflation and trade balance data.
Bonds were weaker, and the Top-40 index opened lower.
The data are expected to signal the direction of local interest rates, which affects the rand and the cost of imported feed inputs. Without a new shock, the currency is likely to stay range-bound.
moneyweb.co.zaMfuneko Toyana, ReutersNov 30, 2017Not 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.
