Money SA economy
The rand was trapped in a tight range in midday trade on Monday, quiet, with London markets closed for a bank holiday.
This week, the market will focus on global PMI data on Wednesday and Friday's US non-farm payrolls numbers being key, RMB analysts said.
At 11.44am local time local time the rand was bid at R7.29 to the dollar, R9.28 to the euro and R11.32 to the pound. The euro was bid at $1.2719 from $1.2753 overnight.
A local dealer said: "We will continue to track the euro, but trade is very quiet with London closed for a bank holiday. We need to break R7.28 against the dollar to see any action."
The €/$ remained the driver and price action is likely to be choppy and a little nervous. With London markets closed action could be a little slow.
