South Africa's rand weakened early Monday as higher oil prices weighed and Fed meeting looms. The benchmark 2035 government bond was slightly weaker, yield rising 5 basis points to 8.785%. Traders cited risk-off sentiment ahead of US monetary policy decision. Oil strength pressures importer currencies like rand. Investors watch Transnet's recovery after returning to profit on asset sales. Markets remain cautious on inflation outlook and emerging market capital flows amid global uncertainty.
South Africa's rand weakened early Monday as higher oil prices weighed and Fed meeting looms. The benchmark 2035 government bond was slightly weaker, yield rising 5 basis points to 8.785%. Traders cited risk-off sentiment ahead of US monetary policy decision. Oil strength pressures importer currencies like rand. Investors watch Transnet's recovery after returning to profit on asset sales. Markets remain cautious on inflation outlook and emerging market capital flows amid global uncertainty.
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