THE rand was marginally softer in midday trade on Tuesday after better-than-expected US manufacturing purchasing managers’ index figures overnight boosted the dollar.The US manufacturing purchasing managers’ index increased to 51.5 index points in September, from 49.4 in August, boosting the possibility of an interest-rate increase in December.At 11.34am, the rand was at R13.6188 to the dollar from Monday’s R13.5946. It was at R15.2066 to the euro from R15.2434 and R17.3532 to the pound from R17.4647.The euro was at $1.1166 from $1.1210 previously.TreasuryOne dealer Andre Botha said renewed fear about the state of liquidity in Deutsche Bank could lead to the rand selling off, but the rand has shrugged off the news so far on Tuesday morning and is looking comfortable at the R13.60/$ level.This follows a strong performance by the rand on Monday, with the local currency gaining traction against the dollar and the pound.The strengthening against the pound was mainly due to UK Prime Mini...
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