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Forecast as of 16.04.2025Nvidia Set for $5.5B Tariff Hit as Chinese Market for H20 Chips DiesFormer FXCM Marketing Exec Ross Soodoosingh Launches Forex UniversityWeekly Economic Calendar for 21.04.2025–27.04.2025Interactive Brokers’ Q1 Earnings Jump as Daily Average Revenue Trades Rise 50%What Is Forex Intermarket Analysis and How Does It Work in 2025?UK’s FCA Opens First-Ever Overseas Offices in US, Asia to Promote Cross-Border InvestmentWhat Is the Forex Order Block Trading Strategy?Wheat Price Forecast & Prediction for 2025, 2026, and 2027–2030Neobank Bunq Files for Broker-Dealer Registration in the US; Reports 65% Profit GrowthCySEC Reports €10.1 Billion in AUM as Cyprus-Based Funds Hold 75% Share in Q4 2024Swiss Franc Becomes Top-Notch Safe Haven. 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Tue. Apr 22nd, 2025 9:48:35 AM

South African rand weaker ahead of manufacturing PMI

JOHANNESBURG (Reuters) – South Africa’s rand weakened early on Monday, ahead of a purchasing managers’ index (PMI) survey for the domestic manufacturing sector.

At 0620 GMT, the rand traded at 18.15 against the dollar, 0.64% softer than its previous close.

The Absa PMI for November is set to be released at 0900 GMT and will shed light on manufacturing conditions in Africa’s most industrialised economy.

Local investors will also turn their focus towards last month’s vehicle sales data later in the day.

South Africa’s benchmark 2030 government bond slipped in early deals, with the yield up 4.5 basis points to 8.96%.

This post is originally published on INVESTING.

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