South African rand weakens on risk-off mood, traders await mining data

The South African rand was weaker in early trade on Tuesday as forex markets continued to be dominated by "risk-off" sentiment, while domestically focused traders awaited mining data for clues on the health of Africa's most industrialised economy. At 0756 GMT the rand traded at 16.4125 against the dollar, down about 0.2% from its previous close. Geopolitical tensions remain sky-high and continue to rise as US President Donald Trump's threats to impose extra tariffs on European allies soured global sentiment and sparked a rush into safe-haven assets. Like other risk-sensitive currencies, the rand often takes cues from global drivers such as US policy and economic data.