South African rand steady ahead of manufacturing PMI
JOHANNESBURG, Aug 1 (Reuters) -South Africa's rand was steady early on Thursday, ahead of a purchasing managers' index (PMI) survey for the local manufacturing sector.
At 0727 GMT, the rand traded at 18.2275 against the dollar ZAR=D3, not far from its previous close.
The Absa PMI for July is set to be released at 0900 GMT, and should shed light on manufacturing conditions in Africa's most industrialised economy. Local investors will also turn their focus toward July vehicle sales data.
The rand was supported by the Federal Reserve Chair Jerome Powell's softening tone on Wednesday, fuelling expectations of a September interest rate cut by the Fed.
"The rand remains volatile as financial market expectations have shifted around the timing and speed of the anticipated US interest rate cutting cycle," said Investec chief economist Annabel Bishop.
On the stock market, the Top-40 .JTOPI index was down 0.14%.
South Africa's benchmark 2030 government bond ZAR2030= was marginally stronger in early deals, with the yield down 1 basis point to 9.395%.
Reporting by Bhargav Acharya
Editing by Bernadette Baum
免責聲明: XM Group提供線上交易平台的登入和執行服務，允許個人查看和/或使用網站所提供的內容，但不進行任何更改或擴展其服務和訪問權限，並受以下條款與條例約束：（i）條款與條例；（ii）風險提示；（iii）完全免責聲明。網站內部所提供的所有資訊，僅限於一般資訊用途。請注意，我們所有的線上交易平台內容並不構成，也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。
所有缐上交易平台所發佈的資料，僅適用於教育/資訊類用途，不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議，或是交易價格紀錄，或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。
本網站的所有XM和第三方所提供的内容，包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接，皆爲‘按原狀’，並作爲一般市場評論所提供，而非投資建議。請理解和接受，所有被歸類為投資研究範圍的相關内容，並非爲了促進投資研究獨立性，而根據法律要求所編寫，而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊，相關詳情請點擊 這裡查看。
