georgemiller
Publish Date: Fri, 15 Nov 2024, 07:19 AM

JOHANNESBURG, Nov 15 (Reuters) - The rand eased early on Friday, extending a week of losses following Donald Trump's U.S. election win, and ahead of S&P Global's scheduled review of South Africa's sovereign credit rating.
At 0705 GMT, the rand traded at 18.28 against the U.S. dollar , about 0.2% weaker than its previous close.
The rand has endured five sessions of losses as the dollar rallied after Trump's victory, while markets fretted over potential policies by the president-elect, which could include tariffs and tax cuts.
Investors will on Friday look to S&P Global's scheduled review of South Africa's sovereign credit rating.
Analysts expect Africa's most industrialised economy to remain three notches into sub-investment grade at 'BB-', with a stable outlook.
On the Johannesburg stock market, the blue-chip Top-40 index (.JTOPI) , opens new tab was flat.
South Africa's benchmark 2030 government bond was little changed in early deals, with the yield at 9.155%.
Sign up here.
https://www.reuters.com/markets/currencies/south-african-rand-extends-losses-sp-rating-review-due-2024-11-15/