South African rand slips with dollar in driving seat
Updates prices to reflect afternoon trade
JOHANNESBURG, Sept 9 (Reuters) -The South African rand slipped against a stronger dollar on Monday, with looming U.S. data likely to dictate currency moves this week.
The dollar was up around 0.37% against a basket of global currencies =USD, as markets looked to Wednesday's U.S. inflation report for clues about the size of a Federal Reserve rate cut expected next week.
U.S. producer inflation data is also scheduled for release this week.
At 1533 GMT, the rand traded at 17.8925 against the dollar ZAR=D3, about 0.34% weaker than its previous close.
"Direction in currency markets will likely be taken from U.S. data releases," ETM Analytics said in a research note, adding that a bigger Fed rate cut would likely boost the risk-sensitive rand's prospects.
Local data points this week include July manufacturing output figures ZAMAN=ECI on Tuesday and mining production numbers ZAMNG=ECI on Thursday.
Economists polled by Reuters predict both sectors will register year-on-year growth after declines in June, reflecting volatile conditions in key sectors of Africa's most industrialised economy.
On the Johannesburg Stock Exchange, the blue-chip Top-40 index .JTOPI closed slightly stronger, up 0.07%.
South Africa's benchmark 2030 government bond ZAR2030= was weaker, as the yield gained 3 basis points to 9.02%.
Reporting by Alexander Winning and Tannur Anders;
Editing by Gareth Jones and Christina Fincher
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