South African rand firms ahead of local GDP figures
South Africa’s rand firmed on Monday, ahead of gross domestic product (GDP) figures and a whole-economy purchasing managers’ index (PMI) survey. At 1514 GMT, the rand traded at 19.02 against the U.S. dollar , about 0.4% higher than its closing level on Friday. The dollar was last down 0.08% against a basket of global currencies. Statistics South Africa will release fourth-quarter GDP figures on Tuesday, which are expected to show growth after the economy recorded a minor contraction in the third quarter of last year. Investor focus will also be ...
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