According to Reuters article published on October 17, 2022, South Africa's rand firms in early trade on Monday as the U.S. dollar weakened.
The rand ZAR=D3 traded at 18.1975 against the dollar by 0718 GMT, 0.87% stronger than its previous close.
The dollar index =USD, which measures the U.S. currency against six rivals, was down about 0.1% at 112.96.
"Global financial markets remain at the mercy of the Fed," ETM Analytics economists said in a note, referring to the U.S. central bank, adding that overall sentiment is cautious owing to uncertainty over longer-term Fed policy.
On the stock market, the Top-40 .JTOPI and broader all-share .JALSH index opened slightly higher in early trade.
The government's benchmark 2030 bond ZAR2030= was little changed in early deals, with the yield down 1 basis point at 10.810%.
Tags: All Products,AlwaysFree,English,South Africa
Published on October 17, 2022 1:00 AM (GMT+8)Last Updated on October 17, 2022 5:51 PM (GMT+8)
