Photo illustration of South African bank notes displayed next to the American dollar notes in Johannesburg

South Africa's rand slips ahead of rate decision as trade fears weigh

JOHANNESBURG - South Africa's rand slipped against a firm dollar on Wednesday, as investors held off big trades a day ahead of a central bank rate decision.

The rand stood at 13.97 verses the greenback by 0558 GMT, a 0.13% decline compared with Tuesday's close.

The mood across emerging markets was not helped by U.S. President Donald Trump's threat to put tariffs on another $325 billion of Chinese goods.

South African government bonds were also slightly weaker, with the yield on the benchmark 2026 instrument rising 1.5 basis points to 8.040%.

(Editing by Andrew Heavens)

2019-07-17 09:46:01

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