{"id":23107,"date":"2026-01-30T08:38:01","date_gmt":"2026-01-30T06:38:01","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/rand-falls-1-against-stronger-dollar-amid-key-local-data-releases\/"},"modified":"2026-02-27T16:33:58","modified_gmt":"2026-02-27T14:33:58","slug":"rand-falls-1-against-stronger-dollar-amid-key-local-data-releases","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/rand-falls-1-against-stronger-dollar-amid-key-local-data-releases\/","title":{"rendered":"Rand falls 1% against stronger Dollar amid key local data releases"},"content":{"rendered":"<div>The South African (SA) Rand fell against a stronger Dollar in early trade on Friday, as traders awaited the release of monthly economic data from the Central bank, revenue service agency and National Treasury.<\/div>\n<div dir=\"ltr\"><\/div>\n<div>Rand traded at 15.90 against the Dollar, about 1% weaker than Thursday&#8217;s close.<\/div>\n<div dir=\"ltr\"><\/div>\n<div>The Dollar was up 0.4% against a basket of currencies, while gold, a major SA export, slumped over 4% on rumours the Federal Reserve could get a more hawkish than expected Chairperson.<\/div>\n<div dir=\"ltr\"><\/div>\n<div>The Dollar also received a lift after Republican and Democratic lawmakers hammered out a deal to stave off a looming government shutdown.<\/div>\n<div dir=\"ltr\"><\/div>\n<div>Like other risk-sensitive currencies, the rand often takes cues from global drivers such as United States policy in addition to local factors.<\/div>\n<div dir=\"ltr\"><\/div>\n<div>Data from the SA Reserve Bank showed that M3 money supply growth last month was 8.16%, down from 8.26% in November.<\/div>\n<div dir=\"ltr\"><\/div>\n<div>Private sector credit growth for December was 8.74%, well above November&#8217;s 7.79% and the 7.60% estimated in a\u00a0<i>Reuters\u00a0<\/i>poll.<\/div>\n<div dir=\"ltr\"><\/div>\n<div>Later in the day, SA&#8217;s revenue service agency and National Treasury are expected to publish trade and budget balance data respectively.<\/div>\n<div dir=\"ltr\"><\/div>\n<div>SA&#8217;s benchmark 2035 government bond was weaker in early deals, with the yield up 14.5 basis points to 8.11%.<\/div>\n<div><\/div>\n<div>&#8211;Reuters&#8211;<\/div>\n","protected":false},"featured_media":14374,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-23107","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":null,"news_description":"SA Rand fell against a stronger Dollar in early trade on Friday","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/23107","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\/23107\/revisions"}],"predecessor-version":[{"id":26181,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/23107\/revisions\/26181"}],"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=23107"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=23107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}