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Johannesburg - The rand breached the psychologically important 10-to-the-dollar level on Wednesday as a stronger greenback weakened global currencies while market liquidity remained thin.
The rand was at R10.0350/$ at 08:35, nearly 0.5% weaker than its close in New York on Tuesday.
US data on Tuesday signaling the recovery of the world's largest economy was gaining momentum boosted the dollar ahead of the highly anticipated release of non-farm payrolls on Friday.
US home prices posted their biggest annual increase in more than seven years in May and factory orders rose 2.1% in the same month.
"We've got a firmer dollar across the board this morning," said Absa Capital forex trader Duncan Howes.
"We expect the rand to stay under pressure on the back of a firmer dollar."
Howes added that liquidity remained light as volatility kept market players on the sidelines.
Government bonds were mixed, with the yield on the 2026 issue up 6 basis points to 7.905% and that on the 2015 paper down 0.5 basis points at 6.075%.
The rand was at R10.0350/$ at 08:35, nearly 0.5% weaker than its close in New York on Tuesday.
US data on Tuesday signaling the recovery of the world's largest economy was gaining momentum boosted the dollar ahead of the highly anticipated release of non-farm payrolls on Friday.
US home prices posted their biggest annual increase in more than seven years in May and factory orders rose 2.1% in the same month.
"We've got a firmer dollar across the board this morning," said Absa Capital forex trader Duncan Howes.
"We expect the rand to stay under pressure on the back of a firmer dollar."
Howes added that liquidity remained light as volatility kept market players on the sidelines.
Government bonds were mixed, with the yield on the 2026 issue up 6 basis points to 7.905% and that on the 2015 paper down 0.5 basis points at 6.075%.
