Rand starts week flat amid trade tumult

03 Jun, 2019 - 16:06 0 Views
Rand starts week flat amid trade tumult South Africa’s rand

eBusiness Weekly

JOHANNESBURG – South Africa’s rand was flat on Monday, shaking off worries about intensifying Sino-U.S. tensions and Washington’s new tariff threats on Mexico that have pulled stocks and commodities in Asia and the United States lower.
* At 0700 GMT, the rand traded at 14.5800 versus the dollar, 0.03% stronger than its New York close on Friday.
* Government bonds were also little changed, with the yield on the benchmark instrument maturing in 2026 down 0.02 basis points to 8.46%.
* Stocks rose slightly, with the broad All-Share index up 0.31% to 55,832 points. The blue-chip top-40 index rose 0.37% to 49,763 points. – Reuters Africa

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