South African rand weaker ahead of manufacturing PMI By Reuters

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JOHANNESBURG (Reuters) – weakened early on Monday, ahead of a purchasing managers’ index (PMI) survey for the domestic manufacturing sector. At 0620 GMT, the rand traded at 18.15 against the dollar, 0.64% softer than its previous close. The Absa PMI for November is set to be released at 0900 GMT and will shed light on manufacturing conditions in Africa’s most industrialised economy.
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