EconomySouth African rand edges higher as risk appetite improves ahead of PMI

The South African rand moved slightly higher in early Wednesday trading. A weaker U.S. dollar and declining oil prices supported the risk-sensitive currency. Domestic investors were meanwhile waiting for the release of a business conditions purchasing managers’ index. The data is expected to provide a fresh indication of local business activity.

South African randbusiness activity PMIU.S. dollaroil prices

RReuters★★☆☆☆2026-08-05 09:00Original