The rand weakened in early commerce on Monday, forward of every week full of the Brics summit of rising market economies and month-to-month inflation figures.
At 0609 GMT, the rand traded at R19.03 towards the greenback, round 0.2% weaker than its earlier shut.
The greenback final traded flat towards a basket of world currencies.
The rand has fallen over 6% towards the dollar this month and almost 12% this 12 months.
From Tuesday to Thursday, South Africa will host the Brics summit of rising market economies, welcoming leaders from Brazil, Russia, India and China.
Over twenty international locations have submitted formal admission requests to hitch the bloc, with Brics’s potential growth on the agenda.
On Wednesday, South Africa’s July shopper value index might be printed. Inflation was 5.4% in June and inside the South African Reserve Financial institution’s (Sarb) goal vary of three%-6%.
The Sarb will use this determine to tell its future rate of interest path when it meets in September.
South Africa’s benchmark 2030 authorities bond was weaker in early offers, with the yield up 2 foundation factors to 10.490%.
