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The rand remains under pressure as investors wait for information from the Federal Reserve on the monetary policy stance.
JOHANNESBURG – The rand has remained Tuesday against the dollar at the start of trading, as investors have dismissed trade concerns after US President Donald Trump appeared to dash his hopes of a trade truce with China. .
At 0710 GMT, the rand was trading at 13.8850 rand per dollar, 0.22% firmer, after closing in New York at 13.9150 rand.
The currency is expected to trade in a range of 13.7500 to 14.05 pesos a dollar on Tuesday, the NKC African Economics said in a note.
Markets are waiting for G20 news and developments this week. On Monday, President Trump said he was ready to impose additional duties on Chinese imports worth $ 200 billion, from 10% currently to 25%.
The rand remains under pressure as investors wait for information from the Federal Reserve on the monetary policy stance.
Investors focused on South Africa were awaiting publication of the CBR Business Confidence Report due later in the day.
Government bonds were weaker on Tuesday, as benchmark instrument performance is expected in 2026, up 1 basis point to 8.970%.
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