A street money changer counts South African Rands in Harare
S.Africa's rand weaker ahead of local data releases, Fed meeting
JOHANNESBURG (Reuters) - South Africa's rand fell on Thursday as investors await local data releases and the U.S's Federal Reserve's meeting later in the day.
* At 0717 GMT, the rand fell 0.43 percent to 13.9775 to the dollar, having firmed against a weaker dollar on Wednesday after U.S. midterm elections split Congress. This is seen as lowering the chance of any major U.S. fiscal policy boost soon.
* The rand is expected to trade in the range of 13.70 to 14.05 rand to the dollar, an NKC note said.
* "Focus turns to the Fed meeting, with markets expecting rates to remain unchanged. However, investors will peruse the Fed’s statement for clues on future monetary-policy setting," said Rand Merchant Bank analysts said in a note.
* South Africa will publish manufacturing data and mining production figures for September on Thursday. A Reuters poll forecasts total mining to rise 0.30 percent.
* Bonds were weaker, with the yield on government's 10-year paper up 4.5 basis points to 9.115 percent.
* On the bourse, the all-share index opened flat at 54,708 point.
(Reporting by Tanisha Heiberg; Editing by Raissa Kasolowsky)
© 2018 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.