South African Rand Stable Amid Global Economic Uncertainty

Investors await key economic data and global policy meetings as the dollar index faces its worst performance in a year.

• The South African rand has remained stable against the dollar, supported by improved risk sentiment and the gold price consolidating above the $2,000 level.
• The dollar index is on track for a loss of more than 3% in November, its worst performance in a year.
• Local investors are awaiting key economic data releases this week, including trade, budget balance, producer inflation, and private sector credit figures.
• Global focus will be on the U.S. Federal Reserve's preferred measure of inflation and an OPEC+ policy meeting.
• South Africa's benchmark 2030 government bond was stronger in early deals, with the yield down 6.5 basis points to 10.080%.

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