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Johannesburg - The rand firmed slightly against the dollar in early Wednesday trading after data showed foreign exchange reserves rose in July.
The rand was at R9.8830/$ at 08:16, up 0.4% from its close in New York on Tuesday.
The net gold and foreign exchange reserves of the economy rose in July to $45.176bn from $44.604bn in June, data from the Reserve Bank showed on Wednesday.
However, market participants expect mining and manufacturing production data due on Thursday to have a bigger impact on the rand and trading is likely to be cautious until the figures are released.
The yield on the 2026 government bond was flat at 8.155%, while that on the 2015 issue was down 1.5 basis points at 6.1%.
The rand was at R9.8830/$ at 08:16, up 0.4% from its close in New York on Tuesday.
The net gold and foreign exchange reserves of the economy rose in July to $45.176bn from $44.604bn in June, data from the Reserve Bank showed on Wednesday.
However, market participants expect mining and manufacturing production data due on Thursday to have a bigger impact on the rand and trading is likely to be cautious until the figures are released.
The yield on the 2026 government bond was flat at 8.155%, while that on the 2015 issue was down 1.5 basis points at 6.1%.
