South African rand little changed; current account deficit narrows

The South African rand was little changed against the dollar on Thursday as the current account deficit narrowed in the third quarter and October manufacturing edged up on an annual basis.

At 1530 GMT, the rand USDZAR traded at 17.1600 against the dollar, close to its previous close of 17.1725.

Economists polled by Reuters had predicted the current account deficit would come in at 0.8% of GDP and that manufacturing output would rise 4.5% year on year.

The Johannesburg Stock Exchange's All-share index J203 closed up about 0.6%. The government's benchmark 2030 bond (ZAR2030=) firmed, with the yield falling 9 basis points to 10.420%.

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