JOHANNESBURG (Reuters) -The South African rand held steady in early trade on Tuesday, ahead of local central bank data that will likely offer insights on the country’s economic outlook.
As of 0604 GMT, the rand traded at 17.2875 against the dollar, almost unchanged from its closing level on Monday.
Around 0700 GMT, the South African Reserve Bank is set to publish September’s leading business cycle indicator, which tracks metrics on vehicle sales, business confidence, money supply and other key factors.
The data will help domestically focussed investors gauge the health of Africa’s most industrialised economy.
Other economic releases for this week include producer inflation figures, due on Thursday, and credit, trade and budget data on Friday.
South Africa’s benchmark 2035 government bond was flat in early deals, with the yield at 8.635%.
(Reporting by Sfundo Parakozov; Editing by Sherry Jacob-Phillips)
