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Johannesburg - The rand weakened slightly against the dollar on Monday but traded within a tight range as the market awaited key local data releases and the US Federal Reserve policy meeting.
The rand was at R10.7280/$ at 15:08 GMT, down 0.5% from Friday's New York close.
The currency has traded above R11/$ for nearly a month despite an ongoing platinum sector strike, the first electricity blackouts in six years and political tensions in Ukraine which have kept emerging market assets under pressure.
Locally, consumer inflation data for February and retail sales figures for January will be released this week, which will be the main risks for the rand.
The Fed will hold its monetary policy meeting on March 18-19 and could use the session to sketch out its plan for eventual interest rate rises.
The rand should trade in the R10.67-R10.82 band in the days ahead, said one trader.
"We've got the Fed, we're certainly watching the Ukraine situation but the rand seems to be holding well," he said.
Government bonds were steady, with the yield on the 2026 government bond unchanged at 8.565% while that on 2015 paper was 3 basis points up at 6.925%.
The rand was at R10.7280/$ at 15:08 GMT, down 0.5% from Friday's New York close.
The currency has traded above R11/$ for nearly a month despite an ongoing platinum sector strike, the first electricity blackouts in six years and political tensions in Ukraine which have kept emerging market assets under pressure.
Locally, consumer inflation data for February and retail sales figures for January will be released this week, which will be the main risks for the rand.
The Fed will hold its monetary policy meeting on March 18-19 and could use the session to sketch out its plan for eventual interest rate rises.
The rand should trade in the R10.67-R10.82 band in the days ahead, said one trader.
"We've got the Fed, we're certainly watching the Ukraine situation but the rand seems to be holding well," he said.
Government bonds were steady, with the yield on the 2026 government bond unchanged at 8.565% while that on 2015 paper was 3 basis points up at 6.925%.
