The South African (SA) Rand was slightly firmer in early trade ​on Tuesday, but it was ‌on course to end the month about 7% weaker against the Dollar after ​a selloff triggered by the Iran ​war.

The Rand traded ⁠at 17.1575 against the Dollar , ​about 0.3% firmer than its previous ​close.

The rand has been at the mercy of global market sentiment since the United States and ​Israel started the war in ​late February and Iran retaliated.

The rand had a ‌strong ⁠2025 and had started 2026 on the front foot, making it vulnerable to a correction.

Analysts say the currency ​will continue ​to ⁠take its direction from developments in the Middle East, ​though local economic data could ​also ⁠influence its trajectory.

Tuesday’s data releases include April fuel price adjustments, February’s trade balance ⁠and ​a central bank ​bulletin on the economy in the fourth quarter.

–Reuters–