South African rand stable; local jobs and mining data due this week
JOHANNESBURG, May 12 (Reuters) - The South African rand was steady on Monday at the start of a week in which unemployment and mining figures are likely to be the main focus locally.
At 0910 GMT, the rand traded at 18.22 against the dollar , little changed from Friday's closing level.
The rand held steady despite the dollar surging on global markets as U.S. and Chinese officials pledged to slash reciprocal tariffs.
South Africa's first-quarter unemployment data (ZAUNR=ECI), opens new tab is scheduled for publication on Tuesday, followed by March mining production (ZAMNG=ECI), opens new tab on Thursday.
Oxford Economics said both releases were likely to disappoint, in line with its below-consensus forecast that gross domestic product would grow only 1% this year.
South Africa's benchmark 2030 government bond was also little changed, with the yield up 1 basis point at 8.835%.
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