South African rand slips ahead of domestic data releases
JOHANNESBURG, Aug 28 (Reuters) -The South African rand slipped early on Wednesday, ahead of economic data releases towards the end of the week.
The rand was at 17.7875 against the dollar ZAR=D3 by 0744 GMT, 0.4% weaker than its previous close.
The dollar index =USD showing its performance against a basket of currencies, was last up 0.18%.
South African investors are awaiting July producer inflation data on Thursday and money supply, trade and budget balance figures on Friday for the latest indications on the health of the domestic economy.
Global market focus this week will be on a preliminary estimate for U.S. gross domestic product in the second quarter and the core personal consumption expenditures (PCE) index, the U.S. Federal Reserve's preferred inflation measure.
The rand, like most emerging market currencies, tends to track international moves as well as local economic events.
On the stock market, the Top-40 .JTOPI index was down about 0.2%.
South Africa's benchmark 2030 government bond ZAR2030= was marginally weaker in early deals, with the yield up 0.5 basis point at 9.120%.
Reporting by Bhargav Acharya
Editing by David Goodman
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