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2025-09-16 16:04:46
South African rand fluctuates in a narrow range, with market focus on inflation data and interest rate decision. ⑴ The South African rand was essentially flat in early trading on Tuesday, trading at 17.3425 against the US dollar, close to Monday's closing price of 17.3450. ⑵ Investors awaited this week's inflation data and interest rate decision, with the South African Reserve Bank (SARB) set to announce its policy decision on Thursday. ⑶ CPI and retail sales data will be released on Wednesday. ⑷ The yield on the 2035 benchmark government bond rose 1 basis point to 9.225%, remaining at its highest level since 2018. ⑸ A survey showed long-term inflation expectations fell to a record low, attracting inflows into the bond market and the rand. ⑹ The US dollar index fell 0.3% in early trading, as the Federal Reserve and SARB interest rate decisions will provide further guidance. ⑺ The Johannesburg Top 40 Index rose 0.2% in early trading.
