{"id":23337,"date":"2026-02-05T09:46:44","date_gmt":"2026-02-05T07:46:44","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/rand-pares-gains-as-markets-become-risk-averse\/"},"modified":"2026-02-27T16:34:09","modified_gmt":"2026-02-27T14:34:09","slug":"rand-pares-gains-as-markets-become-risk-averse","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/rand-pares-gains-as-markets-become-risk-averse\/","title":{"rendered":"Rand pares gains as markets become risk averse"},"content":{"rendered":"

South Africa’s (SA) Rand slipped back above 16 to the Dollar early on Thursday as a more cautious global mood overnight triggered a selloff in emerging-market assets, with analysts pointing to a fresh bout of risk aversion driving the move.<\/span><\/p>\n

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Rand traded at 16.1225 against the Dollar, about 0.3% down from its previous close.<\/span><\/p>\n<\/div>\n

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“When global investors become risk-averse, they often sell emerging-market assets first. That’s exactly what happened overnight. The rand weakened, becoming one of the worst-performing emerging-market currencies,” said Wichard Cilliers, Head of Market Risk at TreasuryONE.<\/span><\/p>\n<\/div>\n

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The Rand lost ground mainly because the United States (US) Dollar strengthened as investors sought safety.<\/span><\/p>\n<\/div>\n

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The Dollar strengthened against a basket of currencies.<\/span><\/p>\n<\/div>\n

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Gold and platinum prices fell, weighing on the rand as SA is a major exporter of both metals.<\/span><\/p>\n<\/div>\n

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Gold prices fell sharply in a broader market selloff on Thursday, as signs of easing US-China trade tensions added further pressure on the precious metals.<\/span><\/p>\n<\/div>\n

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“Equity market turbulence and a retreat in commodity prices added to the USD’s appeal, while reduced expectations of Fed rate cuts ensured that the USD recovered further,” said ETM Analytics.<\/span><\/p>\n<\/div>\n

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SA’s benchmark 2035 government bond was weak in early deals, as the yield rose 1.5 basis points to 8.06%.<\/span><\/p>\n<\/div>\n

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–Reuters–<\/span><\/p>\n<\/div>\n","protected":false},"featured_media":13933,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"news-type":[26],"class_list":["post-23337","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-general_news","entry"],"acf":{"short_description":"","published_date":null,"news_description":"SA Rand slipped back above 16 to the Dollar early on Thursday","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/23337","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\/23337\/revisions"}],"predecessor-version":[{"id":26334,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/23337\/revisions\/26334"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/13933"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=23337"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=23337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}