Johannesburg - The rand ended a two-day run of gains against the dollar on Tuesday, drifting half a percent lower against the dollar ahead of current account data at 10:00 that may set the direction for the session.
Stocks looked likely to start slightly weaker, as indicated by the Top-40 futures index, which dipped 0.37%.
At 08:53 the rand was trading at R15.3400/$, down 0.54% from Monday's close at 15.2575.
The rand took its cue mainly from Asia, where shares took a breather after a month-long rally.
"The market is likely to remain in limbo until the South African Reserve Bank quarterly bulletin comes out this morning with the latest current account information," NKC African Economics said in a morning note.
The current account deficit is expected to have widened slightly to 4.35% of GDP in the fourth quarter of 2015 from 4.1% in the third quarter, according to a Reuters poll.
The current account shortfall, largely financed by portfolio inflows, has long been a source of risk for the rand.
On the debt market, government bonds were a touch firmer, with the yield on the 2026 benchmark government bond easing 2 basis points to 9.28%.
Rand - Dollar
19.25
-0.7%
Rand - Pound
23.93
-0.6%
Rand - Euro
20.57
-0.6%
Rand - Aus dollar
12.49
-0.8%
Rand - Yen
0.12
-0.5%
Platinum
917.00
-0.3%
Palladium
1,010.00
-1.6%
Gold
2,326.36
+0.2%
Silver
27.24
-0.3%
Brent Crude
88.42
+1.6%
Top 40
68,592
+0.8%
All Share
74,540
+0.7%
Resource 10
60,349
+1.2%
Industrial 25
104,004
+1.2%
Financial 15
15,867
-0.2%
All JSE data delayed by at least 15 minutes
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