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Johannesburg - The rand touched its softest level in a week against the dollar on Thursday and government bonds also fell as sentiment towards emerging currencies turned negative ahead of a European Central Bank statement.
The rand was down 0.5% at 10.6630 to the greenback at 06:36 GMT compared with Wednesday's close at the New York session.
The yield on government debt maturing in 2026 added 2.5 basis points to 8.53%, as did that for shorter-dated 2015 paper, which traded at 6.815%.
"Emerging markets and other high-risk currencies continue to diverge from the general risk-on tone," said RMB analyst John Cairns, adding however that currencies such as the Turkish lira and the Brazilian real were bucking the trend.
The rand was down 0.5% at 10.6630 to the greenback at 06:36 GMT compared with Wednesday's close at the New York session.
The yield on government debt maturing in 2026 added 2.5 basis points to 8.53%, as did that for shorter-dated 2015 paper, which traded at 6.815%.
"Emerging markets and other high-risk currencies continue to diverge from the general risk-on tone," said RMB analyst John Cairns, adding however that currencies such as the Turkish lira and the Brazilian real were bucking the trend.
