Johannesburg — South Africa’s rand weakened on Monday in a thin trading session ahead of the year-end.
At 0924 GMT, the rand traded at 18.39 against the dollar, about 0.5% softer than its previous close.
“Expect thin trading volumes to amplify market moves, increasing risks for speculative ZAR trades,” said Andre Cilliers, currency Strategist at TreasuryONE.
On the stock market, the Top-40 (.JTOPI), opens new tab index was up about 0.2%.
South Africa’s benchmark 2030 government bond was marginally stronger, with the yield down 1.5 basis points to 9.12%.
*Bhargav Acharya, editing: Ed Osmond – Reuters
