JOHANNESBURG, Sept 11 Reuters The South African rand jumped against a weaker dollar early on Monday as investors awaited local manufacturing data later in the day and U.S. consumer price index CPI data on Wednesday.
At 0621 GMT, the rand traded at 19.0300 against the dollar , 0.55 stronger than its previous close.
The dollar last traded around 0.2 weaker against a basket of global currencies.
The rand has rolled over, now gaining against all the majors and has switched from underperformer to outperformer, Rand Merchant Bank analysts said in a research note.
At 1100 GMT, Statistics South Africa will release manufacturing output numbers for July.
A quiet start to the week, but risks are elevated midweek, starting with U.S. CPI on Wednesday, followed by ECB rate announcement and press conference on Thursday, RMB analysts added.
Inflation data out of the U.S. could give clues on the Federal Reserve39;s interest rate path before it convenes next week and might influence the risksensitive rand.
South Africa39;s benchmark 2030 government bond was almost unchanged in early deals, with the yield at 10.380.
Reporting by Tannur Anders; editing by Anait Miridzhanian; editing by Mark Heinrich
Source Reuters