South African rand firms ahead of local PMI, vehicle sales data
Oct 3 (Reuters) - South Africa's rand firmed in early trade on Monday, ahead of a local purchasing managers' index (PMI) survey and new vehicle sales data that could give some clues on the health of the economy.
At 0639 GMT, the rand ZAR=D3 traded at 18.0375 against the dollar, 0.21% stronger than its previous close.
The dollar index =USD , which measures the currency against six rivals, was last down 0.17% at 112.05.
The Absa PMI survey on South African factory activity and data on September vehicle sales ZAVEHY=ECI by the auto association are expected later in the day.
The government's benchmark 2030 bond ZAR2030= rose in early deals, with the yield down 2.5 basis points to 10.865%.
Reporting by Bhargav Acharya in Bengaluru; editing by Jason Neely
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.