Johannesburg - The rand traded softer against the dollar early on Thursday, with scope to extend losses should domestic mining and factory output data come out weaker than expected.
At 08:47, the local unit was trading down 0.35% at R12.3400/$, compared with Wednesday's New York close at 12.3115.
Government bonds were mostly flat, with the benchmark 2026 paper yielding half a basis point higher at 8.38%.
Traders and analysts said mining production numbers at 11:30 and manufacturing data at 13:00 would be the latest key clue on the state of the economy, currently beset by its worst electricity crisis in seven years.
"The domestic output data and US retails sales could cause rand short covering to abate," Barclays Africa said in a note.
Rand - Dollar
18.80
+1.1%
Rand - Pound
23.49
+1.3%
Rand - Euro
20.10
+1.5%
Rand - Aus dollar
12.28
+1.0%
Rand - Yen
0.12
+2.8%
Platinum
923.40
-0.2%
Palladium
957.50
-3.3%
Gold
2,336.75
+0.2%
Silver
27.20
-0.9%
Brent Crude
89.01
+1.1%
Top 40
69,358
+1.3%
All Share
75,371
+1.4%
Resource 10
62,363
+0.4%
Industrial 25
103,903
+1.3%
Financial 15
16,161
+2.2%
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