The South African rand was weaker in early trade on Monday as violence in the Middle East stoked risk aversion in global markets while domestic focus is on the release of national census due out this week.
At 0705 GMT, the rand traded at 19.4000 against the dollar , about 0.6% weaker than its Friday close.South Africa's statistics agency will on Tuesday release data from the country's 2022 census, the fourth population and housing survey in post-apartheid South Africa and the first in over a decade. It is expected to give a comprehensive analysis of the economy that will help improve planning and development in Africa's most industrialised economy.
Risk for markets will be elevated from Wednesday when the U.S. Federal Reserve releases its September meeting minutes, said Rand Merchant Bank analysts in a research note.
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