THE rand slipped against the dollar today, down from its firmest levels in nearly a month.
The rand was at 10.8625 |to the dollar at
It traded within a narrow range yesterday, lacking direction because of a public holiday in the US and the absence of local and foreign data.
This week, local consumer inflation figures due tomorrow and Chinese PMI data on Thursday will be in focus.
The rand could strengthen on improved foreign investor appetite for South African bonds and if CPI beats expectations,
"However, all these gains could quickly be eroded if Thursday's PMI data out of
Government bonds were unchanged, with the yield |on the 2026 bond at 8.645 percent and that on the 2015 paper at 7.15 percent. - Reuters
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