{"id":30424,"date":"2026-03-31T10:18:50","date_gmt":"2026-03-31T08:18:50","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=30424"},"modified":"2026-03-31T10:18:50","modified_gmt":"2026-03-31T08:18:50","slug":"rand-set-for-7-monthly-drop-against-dollar","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/rand-set-for-7-monthly-drop-against-dollar\/","title":{"rendered":"Rand set for 7% monthly drop against Dollar"},"content":{"rendered":"<div>\n<p class=\"x_MsoNormal\"><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 slightly firmer in early trade \u200bon Tuesday, but it was \u200con course to end the month about 7% weaker against the Dollar after \u200ba selloff triggered by the Iran \u200bwar.<\/span><\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\"><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 Rand traded \u2060at 17.1575 against the Dollar , \u200babout 0.3% firmer than its previous \u200bclose.<\/span><\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\"><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 rand has been at the mercy of global market sentiment since the United States and \u200bIsrael started the war in \u200blate February and Iran retaliated.<\/span><\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\"><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 rand had a \u200cstrong \u20602025 and had started 2026 on the front foot, making it vulnerable to a correction.<\/span><\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\"><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);\">Analysts say the currency \u200bwill continue \u200bto \u2060take its direction from developments in the Middle East, \u200bthough local economic data could \u200balso \u2060influence its trajectory.<\/span><\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\"><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);\">Tuesday&#8217;s data releases include April fuel price adjustments, February&#8217;s trade balance \u2060and \u200ba central bank \u200bbulletin on the economy in the fourth quarter.<\/span><\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\"><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);\">&#8211;Reuters&#8211;<\/span><\/p>\n<\/div>\n","protected":false},"featured_media":13745,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-30424","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":"","news_description":"SA Rand was slightly firmer in early trade \u200bon Tuesday","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/30424","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\/30424\/revisions"}],"predecessor-version":[{"id":30425,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/30424\/revisions\/30425"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/13745"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=30424"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=30424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}