JOHANNESBURG (Reuters) -The South African rand weakened against a stronger dollar in early trading on Thursday, with investors focused on the G20 meeting of finance chiefs in the country’s coastal city of Durban.
At 0637 GMT, the rand traded at 17.8975 against the dollar, about 0.4% weaker than Wednesday’s close.
The dollar last traded about 0.4% firmer against a basket of currencies.
With a fairly muted domestic economic calendar, traders will keep a close eye on the meeting of the Group of 20 finance ministers and central bank governors on Thursday and Friday.
South Africa’s benchmark 2035 government bond was also weak in early trading, as the yield rose 1.5 basis points to 9.895%.
(Reporting by Sfundo ParakozovEditing by Bernadette Baum)
