{"id":20884,"date":"2025-12-11T08:36:21","date_gmt":"2025-12-11T06:36:21","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/rand-weakens-as-traders-weigh-fed-decision-await-local-data\/"},"modified":"2026-02-27T16:32:05","modified_gmt":"2026-02-27T14:32:05","slug":"rand-weakens-as-traders-weigh-fed-decision-await-local-data","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/rand-weakens-as-traders-weigh-fed-decision-await-local-data\/","title":{"rendered":"Rand weakens as traders weigh Fed decision, await local data"},"content":{"rendered":"<div>\n<p class=\"x_MsoNormal\">The South African (SA) Rand weakened on Thursday as traders assessed the United States (US) Federal (Fed) Reserve&#8217;s rate decision and awaited local data releases, including formal sector employment, mining and manufacturing reports, and a business confidence index.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">The Rand traded at 16.97 against the Dollar , roughly down 0.4% from previous session&#8217;s close, while the greenback was slightly stronger against a basket of currencies.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">The Fed delivered a 25-basis-point rate cut in a divided vote on Wednesday but signalled that borrowing costs may not fall further as it waits for clearer signs of a cooling labour market and inflation that &#8220;remains somewhat elevated.&#8221;<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">Like other risk-sensitive currencies, the rand often takes its cues from global drivers such as US policy and economic data in addition to domestic releases.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">Statistics SA is set to publish mining output on Thursday, formal sector employment data and manufacturing production, which will all offer traders clues on the health of Africa&#8217;s most industrialised economy.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">For insight on private sector sentiment, the SA Chamber of Commerce and Industry will release its business confidence index.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">SA&#8217;s benchmark 2035 government bond firmed in early deals, as the yield fell 5 basis points to 8.465%.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">&#8211;Reuters&#8211;<\/p>\n<\/div>\n","protected":false},"featured_media":12528,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-20884","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":null,"news_description":"Rand weakened on Thursday as traders assessed US Federal","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/20884","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\/20884\/revisions"}],"predecessor-version":[{"id":24758,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/20884\/revisions\/24758"}],"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=20884"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=20884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}