{"id":27694,"date":"2026-03-04T10:31:46","date_gmt":"2026-03-04T08:31:46","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&p=27694"},"modified":"2026-03-04T10:31:46","modified_gmt":"2026-03-04T08:31:46","slug":"rand-edges-up-as-investors-watch-developments-in-the-middle-east","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/rand-edges-up-as-investors-watch-developments-in-the-middle-east\/","title":{"rendered":"Rand edges up as investors watch developments in the Middle East"},"content":{"rendered":"
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The South African (SA) Rand edged up in early Wednesday trading, trimming recent losses as \u200bglobal investors watched developments in the Middle \u200cEast, oil prices, and economic signals from major economies.<\/span><\/p>\n<\/div>\n

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Rand traded at 16.4950 against the \u200bDollar, about 0.2% up from its previous close.<\/span><\/p>\n<\/div>\n

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On \u200bTuesday SA’s stocks, government bonds and \u2060rand currency extended losses as part of the \u200bglobal selloff amid escalating United States (US) and Israeli strikes \u200bon Iran.<\/span><\/p>\n<\/div>\n

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“Emerging market currencies have come under pressure as investors pull money out of riskier markets and shift toward the \u200bDollar. The Rand has been among the \u200bweaker performers, briefly pushing Dollar and Rand to its highest level in \u200calmost \u2060three months before stabilising somewhat,” said Andre Cilliers, Currency Strategist at TreasuryONE.<\/span><\/p>\n<\/div>\n

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Like other risk-sensitive currencies, the Rand often takes cues from global drivers such as \u200bUS policy \u200bin addition \u2060to local factors.<\/span><\/p>\n<\/div>\n

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Domestic traders will also look to the Standard and Poor’s Global February whole-economy<\/span><\/p>\n<\/div>\n

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Purchasing Managers’ Index for clues on business conditions \u200bin the \u2060country.<\/p>\n<\/div>\n

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On the Johannesburg Stock Exchange, the Top-40 index was last up 0.5% in early trade.<\/span><\/p>\n<\/div>\n

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SA’s \u2060benchmark \u200b2035 government bond was also steady \u200bin early deals, as the yield fell 3 basis points \u200bto 8.295%.<\/span><\/p>\n<\/div>\n

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–Reuters–<\/span><\/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-27694","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":"","news_description":"SA Rand edged up in early Wednesday trading","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/27694","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\/27694\/revisions"}],"predecessor-version":[{"id":27696,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/27694\/revisions\/27696"}],"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=27694"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=27694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}