The Rand traded at 17.5450 against the Dollar , about 0.4% firmer than its previous close, after strengthening more than 1% on Tuesday.<\/p>\n
The Dollar last traded flat against a basket of currencies.<\/p>\n
“With the United States (US) expecting further rate cuts and some Dollar weakness, it is difficult to see where a sudden bout of weakness in the Rand will happen, bar the scoring of local own goals,” Wichard Cilliers, Head of Market Risk at TreasuryONE, said.<\/p>\n
“However, the markets are on a knife-edge, and headlines will drive markets in the short term,” Cilliers added.<\/p>\n
The SA Chamber of Commerce and Industry will release its business confidence index , which will offer clues on private sector sentiment towards Africa’s most industrialised economy.<\/p>\n
SA’s benchmark 2035 government bond was marginally stronger in early deals, with the yield up 1.5 basis points to 9.65%.The South African (SA) Rand extended its gains in early trade on Wednesday, boosted by a weaker Dollar ahead of the release of a domestic business confidence index and retail sales figures later in<\/p>\n
–Reuters–<\/p>\n","protected":false},"featured_media":12847,"template":"default||default","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-12846","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"The South African (SA) Rand extended its gains in early trade on Wednesday, boosted by a weaker Dollar ahead of the release of a domestic business confidence index and retail sales figures later in the day.||The South African (SA) Rand extended its gains in early trade on Wednesday, boosted by a weaker Dollar ahead of the release of a domestic business confidence index and retail sales figures later in the day.","published_date":null,"news_description":"The South African (SA) Rand extended its gains in early trade on Wednesday, boosted by a weaker Dollar ahead of the release of a domestic business confidence index and retail sales figures later in the day.||The South African (SA) Rand extended its gains in early trade on Wednesday, boosted by a weaker Dollar ahead of the release of a domestic business confidence index and retail sales figures later in the day.","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/12846","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/12846\/revisions"}],"predecessor-version":[{"id":18250,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/12846\/revisions\/18250"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/12847"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=12846"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=12846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}