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Publish Date: Mon, 27 Nov 2023, 15:58 PM
JOHANNESBURG, Nov 27 (Reuters) - The South African rand was stronger on Monday, helped by the dollar falling at the start of a week laden with major global and domestic economic data releases.
At 1540 GMT, the rand traded at 18.7150 against the dollar , about 0.5% stronger than its previous close.
The dollar index , which measures the currency against six major peers, was down 0.05% after earlier slipping as much as 0.2%.
This week's global focus includes an OPEC+ meeting, the release of the Federal Reserve's tracked measure of inflation, and consumer prices data in the euro zone and Australia.
Locally, investors will scrutinise trade (ZATBAL=ECI), budget balance (ZABUDM=ECI), producer inflation (ZAPPIY=ECI) and private sector credit (ZACRED=ECI) figures for insights about the health of Africa's most industrialised economy.
On the Johannesburg Stock Exchange, the blue-chip Top-40 (.JTOPI) and broader All Share (.JALSH) indices closed more than 0.4% lower. The yield on the benchmark 2030 government bond fell 5 basis points to 10.145%.
https://www.reuters.com/markets/currencies/south-african-rand-gains-start-data-filled-week-2023-11-27/