{"id":15960,"date":"2025-11-24T07:41:46","date_gmt":"2025-11-24T05:41:46","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/rand-starts-week-on-front-foot-as-global-risk-appetite-improves\/"},"modified":"2026-02-27T16:28:02","modified_gmt":"2026-02-27T14:28:02","slug":"rand-starts-week-on-front-foot-as-global-risk-appetite-improves","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/rand-starts-week-on-front-foot-as-global-risk-appetite-improves\/","title":{"rendered":"Rand starts week on front foot as global risk appetite improves"},"content":{"rendered":"<div>\n<p class=\"x_MsoNormal\">The South African (SA) Rand started the week on the front foot on Monday, helped by stronger global risk appetite linked to growing expectations of a Federal Reserve interest rate cut next month.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">The Rand and other risk sensitive assets dropped sharply last week, hurt by concerns over the state of the United States (US) economy and loft equity market valuations.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">But Wall Street closed higher on Friday, and that optimism carried over into Monday.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">The Rand traded at 17.3425 against the Dollar, up about 0.2% on Friday&#8217;s closing level.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">SA&#8217;s benchmark 2035 government bond was marginally firmer in early deals, with the yield down 2.5 basis points at 8.635%.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">This week will see a flurry of local economic data releases including a leading business cycle indicator on Tuesday, producer inflation figures on Thursday, and credit, trade and budget data on Friday.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">Last week SA&#8217;s central bank resumed its interest rate cuts, which could lessen the Rand&#8217;s appeal for carry trades, where an investor borrows money in a low-interest-rate currency and uses it to invest in a higher interest rate currency, analysts said.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">&#8211;Reuters&#8211;<\/p>\n<\/div>\n","protected":false},"featured_media":14374,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-15960","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":null,"news_description":"Rand started the week on the front foot on Monday","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/15960","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\/15960\/revisions"}],"predecessor-version":[{"id":19975,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/15960\/revisions\/19975"}],"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=15960"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=15960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}