South African rand firms; platinum group metals stocks soar
Updates prices as of 1520 GMT, recasts to include platinum group metals stocks, adds analyst comment in paragraph 3
JOHANNESBURG, Oct 24 (Reuters) -South Africa's rand gained against a weaker dollar on Thursday while local platinum group metals (PGMs) producers' shares soared over concerns about supply sanctions on top palladium producer Russia.
At 1520GMT, the rand traded at 17.6825against the dollar ZAR=D3, about 0.6%stronger than its previous close.
"The rand is trading higher today, boosted by a weaker dollar that is lifting emerging market currencies," Zain Vawda, market analyst at MarketPulse by OANDA, said.
The dollar index =USD was last down about 0.2%against a basket of major currencies, pausing a recent rally fuelled by bets on a slower pace of interest rate cuts by the Federal Reserve and a potential second presidency for Donald Trump.
With no major domestic economic data releases due in South Africa on Friday, the risk-sensitive rand is set to take cues from the direction of the dollar.
Johannesburg-listed PGMs miners surged on Thursday as global palladium prices rose after the U.S. asked its G-7 peers to consider sanctions on top-producer Russia.
The shares of Anglo American Platinum AMSJ.J and Northam Platinum NPHJ.J closed more than 13% higher.
The blue-chipTop-40 .JTOPI index closed about 0.45% higher.
South Africa's benchmark 2030 government bond ZAR2030= was stronger, with the yield down 15 basis points at 9.355%.
Reporting by Bhargav Acharya and Tannur Anders; Editing by Kirsten Donovan and Andrew Heavens
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
