JOHANNESBURG, Sept 17 (Reuters) - South Africa's rand was on the back foot against the dollar early on Monday as investors awaited details on a new round of U.S. tariffs against China later in the day and a local interest rates decision due on Thursday.
* At 0650 GMT the rand ZAR=D3 was 0.69 percent weaker at 15.0275 per dollar compared its close of 14.9250 on Friday.
* U.S. President Donald Trump is likely to announce new tariffs on about $200 billion of Chinese imports as early as Monday, a senior administration official told Reuters. This week investor attention also turns to the South African Reserve Bank (SARB), which announces its interest rates decision on Sept. 20.
* All bar one of the economists polled by Reuters last week predicted that the SARB would leave its main lending rate at 6.5 percent ZAREPO=ECI , as it weighs economic weakness against a pickup in inflation. In fixed income, the yield on the benchmark government bond due in 2026 ZAR186= was up 2.5 basis points to 9.200 percent.
* Stocks were set to open lower at 0700 GMT, with the JSE securities exchange's Top-40 futures index ALSIc1 down 0.63 percent.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.