The rand was weaker on Monday on disappointing trade data from China, and ahead of looming local GDP data for the second quarter on Tuesday as well as US inflation numbers later in the week.

The rand has been running hard of late as commodity prices remain near record highs, with metal miners and exporters cashing in on the run that began soon after the world realised just what a threat Covid-19 was to global economies. The local unit, which strengthened more than 2% to the dollar last week, is now up about 5% so far in June and nearly 9% for the year to date...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now