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Rand eases slightly ahead of trade data

Johannesburg - The rand fell marginally on Wednesday as the market waited for domestic trade data later in the day and money supply numbers on Thursday.

At 08:45, the rand was 0.23% softer at R15.345/$. Government bonds were weaker, with the yield on the benchmark paper due in 2026 up 6.5 basis points to 9.625%.

South Africa is expected to post a narrower trade deficit of R3.2bn in November after recording one of R21.4bn in October - a number that stunned local markets and pushed the rand to record lows at the time. The data is due for release at 14:00.

In the equities market, the JSE securities exchange's Top 40 futures index was up 0.44%, pointing to gains for the index.

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Rand - Dollar
18.87
+0.3%
Rand - Pound
23.85
+0.2%
Rand - Euro
20.38
+0.2%
Rand - Aus dollar
12.31
+0.2%
Rand - Yen
0.12
+0.2%
Platinum
908.05
0.0%
Palladium
1,014.94
0.0%
Gold
2,232.75
-0.0%
Silver
24.95
-0.1%
Brent Crude
87.00
+1.8%
Top 40
68,346
0.0%
All Share
74,536
0.0%
Resource 10
57,251
0.0%
Industrial 25
103,936
0.0%
Financial 15
16,502
0.0%
All JSE data delayed by at least 15 minutes Iress logo
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