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Thursday, December 12, 2024
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    HomeForexSouth African Rand Weakens Forward of Manufacturing PMI

    South African Rand Weakens Forward of Manufacturing PMI

    JOHANNESBURG (Reuters) – weakened early on Monday, on the eve of a Buying Managers' Index (PMI) survey for the nation's manufacturing sector.

    At 06:20 GMT, the rand was buying and selling at 18.15 in opposition to the greenback, 0.64% decrease than its earlier shut.

    Absa's PMI for November is scheduled to be launched at 09:00 GMT and can spotlight manufacturing circumstances in Africa's most industrialized financial system.

    Native buyers can even give attention to final month's car gross sales knowledge later as we speak.

    South Africa's benchmark 2030 authorities bond slipped in early buying and selling, with the yield up 4.5 foundation factors to eight.96%.

    See also  Asian currencies are falling, the greenback stays secure because of uncertainty over charges; The South Korean received the slides on the BOK Cup
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