{"id":15498,"date":"2025-11-18T07:40:36","date_gmt":"2025-11-18T05:40:36","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/rand-subdued-as-traders-cautious-ahead-of-key-local-data\/"},"modified":"2026-02-27T16:27:41","modified_gmt":"2026-02-27T14:27:41","slug":"rand-subdued-as-traders-cautious-ahead-of-key-local-data","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/rand-subdued-as-traders-cautious-ahead-of-key-local-data\/","title":{"rendered":"Rand subdued as traders cautious ahead of key local data"},"content":{"rendered":"<div id=\"x_divRplyFwdMsg\">\n<div data-olk-copy-source=\"MailCompose\"><span style=\"background-color: var(--global--color-background); color: var(--global--color-primary); font-family: var(--global--font-secondary); font-size: var(--global--font-size-base);\">The South African (SA) Rand was subdued in early trade on Tuesday, as a stronger Dollar prompted investors to stay away from riskier assets, while local traders remained cautious ahead of key economic data due later this week.<\/span><\/div>\n<\/div>\n<div><\/div>\n<div>The Rand traded at 17.2125 against the Dollar , about 0.3% weaker than its previous close.<\/div>\n<div><\/div>\n<div>&#8220;The Rand lost some ground overnight, with the gold price retreating to close to $4000 and also on the back of United States (US) operators reducing their hopes of a US cut next month,&#8221; said Adam Phillips, Treasury Specialist at Umkhulu\u00a0Treasury.<\/div>\n<div><\/div>\n<div>Gold prices fell for a fourth consecutive session on Tuesday, weighed down by a firmer Dollar and diminished prospects of a US interest rate cut in December.<\/div>\n<div><\/div>\n<div>Like other risks sensitive currencies, the Rand often takes cues from global drivers such as US policy and economic data.<\/div>\n<div><\/div>\n<div>Domestically focused traders await figures on October consumer inflation and September retail sales, due on Wednesday, followed by the Central bank&#8217;s interest rate decision on Thursday for clues on the health of Africa&#8217;s largest economy.<\/div>\n<div><\/div>\n<div>Economists polled by <i>Reuters<\/i>\u00a0expect the Monetary Policy Committee to cut its main lending rate by 25 basis points to 6.75%.<\/div>\n<div><\/div>\n<div>SA&#8217;s benchmark 2035 government bond was flat in early deals, with the yield at 8.63%.<\/div>\n<div><\/div>\n<div>&#8211;Reuters&#8211;<\/div>\n","protected":false},"featured_media":14374,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-15498","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":null,"news_description":"Rand was subdued in early trade on Tuesday","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/15498","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\/15498\/revisions"}],"predecessor-version":[{"id":19709,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/15498\/revisions\/19709"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/14374"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=15498"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=15498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}