ReutersReuters

South African rand lower ahead of mining and unemployment data

South Africa's rand weakened early on Tuesday, ahead of local mining and first quarter unemployment data.

At 0802 GMT, the rand traded at 18.4650 against the dollar USDZAR, about 0.54% weaker than its previous close.

The dollar DXY last traded about 0.12% stronger against a basket of global currencies.

South African investor focus will be on March gold and mining production figures due at 0900 GMT and first quarter unemployment data at 0930 GMT.

Global markets await the latest U.S. inflation print on Wednesday.

On the stock market, both the Top-40 SA40 and the broader all-share JSE:J203 indexes were little changed in early trade.

Anglo American Platinum's Johannesburg-listed shares AMS fell as much as 10% and was last down 7.4%, after parent Anglo American AAL said in a strategic review that it was exploring a demerger of its troubled platinum unit.

South Africa's benchmark 2030 government bond (ZAR2030=) was weaker in early deals, with the yield up 6.5 basis points to 10.530%.

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