{"id":14055,"date":"2025-10-29T08:09:18","date_gmt":"2025-10-29T06:09:18","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/rand-gains-on-expectations-of-fed-rate-cut\/"},"modified":"2026-02-27T16:26:43","modified_gmt":"2026-02-27T14:26:43","slug":"rand-gains-on-expectations-of-fed-rate-cut","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/rand-gains-on-expectations-of-fed-rate-cut\/","title":{"rendered":"Rand gains on expectations of Fed rate cut"},"content":{"rendered":"<p>The South African (SA) Rand gained in early trade on Wednesday, as investors braced for a day headlined by the Federal Reserve&#8217;s decision and an easing of United States (US)-China trade tensions.<\/p>\n<p>Rand traded at 17.1350 against the Dollar, up about 0.1% from its Tuesday close.<\/p>\n<p>&#8220;The Dollar put in a strong performance from yesterday afternoon. It is higher against all the majors, even with the gold price staying below $4 000. The main reasons is that the US are almost certain to cut rates tonight,&#8221; said Adam Phillips,\u00a0Treasury Specialist\u00a0at Umkhulu Treasury.<\/p>\n<p>Economists have said the US Federal Reserve is poised to reduce interest rates by 25 basis points at its meeting tonight.<\/p>\n<p>Phillips added that operators are also looking ahead to US President Donald Trump&#8217;s meeting with Chinese President Xi Jinping tomorrow which could influence sentiment.<\/p>\n<p>Domestically-focused traders looked at money supply and private sector credit which came out today.<\/p>\n<p>SA&#8217;s benchmark 2035 government bond was firmer in early deals, as the yield fell 1.5 basis points to 8.87%.<\/p>\n<p>&#8211;Reuters&#8211;<\/p>\n","protected":false},"featured_media":12528,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-14055","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":null,"news_description":"Rand gained in early trade on Wednesday","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/14055","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\/14055\/revisions"}],"predecessor-version":[{"id":18890,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/14055\/revisions\/18890"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/12528"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=14055"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=14055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}