{"id":20732,"date":"2025-12-09T09:49:55","date_gmt":"2025-12-09T07:49:55","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/rand-tracks-subdued-emerging-market-assets-as-fed-meeting-nears\/"},"modified":"2026-02-27T16:31:59","modified_gmt":"2026-02-27T14:31:59","slug":"rand-tracks-subdued-emerging-market-assets-as-fed-meeting-nears","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/rand-tracks-subdued-emerging-market-assets-as-fed-meeting-nears\/","title":{"rendered":"Rand tracks subdued emerging market assets as Fed meeting nears"},"content":{"rendered":"<div>\n<p><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 muted in early trade on Tuesday, in line with most emerging market peers, as traders counted down to the United States Federal Reserve&#8217;s policy meeting later this week.<\/span><\/p>\n<\/div>\n<div>\n<p>The Rand traded at 17.05 against the Dollar, little changed from its previous closing level.<\/p>\n<\/div>\n<div>\n<p>The greenback, which is currently flat against a basket of currencies, firmed on Monday, while SA&#8217;s risk-sensitive currency weakened about 0.6%, edging above the R17.00 Rand per Dollar mark in a cautious corrective move.<\/p>\n<\/div>\n<div>\n<p>Andre Cilliers, Currency Strategist at TreasuryONE, said he expects the Rand\u00a0to consolidate within a range of R16.95 to R17.10 ($1) for now.<\/p>\n<\/div>\n<div>\n<p>Domestically-focused traders will keep tabs on retail sales on Wednesday along with mining and manufacturing production figures on Thursday for clues on the health of Africa&#8217;s most industrialised economy.<\/p>\n<\/div>\n<div>\n<p>On the Johannesburg Stock Exchange, the Top-40 index was down 0.5% in early trade.<\/p>\n<\/div>\n<div>\n<p>SA&#8217;s benchmark 2035 government bond also weakened, as the yield rose four basis points to 8.495%.<\/p>\n<\/div>\n<div>\n<p>&#8211;Reuters&#8211;<\/p>\n<\/div>\n","protected":false},"featured_media":14374,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-20732","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":null,"news_description":"SA Rand was muted in early trade on Tuesday","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/20732","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\/20732\/revisions"}],"predecessor-version":[{"id":24666,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/20732\/revisions\/24666"}],"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=20732"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=20732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}