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Johannesburg - The rand firmed slightly on Monday against a dollar weakened by non-farm US payroll data released at the end of last week but it remained within recent ranges as investors waited for mid-week domestic data.
The rand was trading at R10.5165/$ at 15:43 GMT, 0.32% firmer than its New York close. The currency had hit a three-month high of R10.5020/$ on Friday after US jobs data came in slightly below market expectations.
Dealers said the rand was likely to trade within its recent range until the release of US Federal Reserve monetary policy minutes on Wednesday and local mining and manufacturing numbers on Thursday.
Activity was just as slack on the bond market, with the 2015 government bond yield flat at 6.735% and the 2026 benchmark yield down 2.5 basis points to 8.380%.
The Treasury will auction R2.35bn ($223.48m) in total of its 2030, 2036 and 2048 government bonds on Tuesday, with dealers expecting prices to remain flat to slightly weaker.
The rand was trading at R10.5165/$ at 15:43 GMT, 0.32% firmer than its New York close. The currency had hit a three-month high of R10.5020/$ on Friday after US jobs data came in slightly below market expectations.
Dealers said the rand was likely to trade within its recent range until the release of US Federal Reserve monetary policy minutes on Wednesday and local mining and manufacturing numbers on Thursday.
Activity was just as slack on the bond market, with the 2015 government bond yield flat at 6.735% and the 2026 benchmark yield down 2.5 basis points to 8.380%.
The Treasury will auction R2.35bn ($223.48m) in total of its 2030, 2036 and 2048 government bonds on Tuesday, with dealers expecting prices to remain flat to slightly weaker.
