{"id":31815,"date":"2026-04-14T12:16:17","date_gmt":"2026-04-14T10:16:17","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=31815"},"modified":"2026-04-14T12:16:17","modified_gmt":"2026-04-14T10:16:17","slug":"rand-firms-as-weaker-dollar-softer-oil-ease-pressure","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/rand-firms-as-weaker-dollar-softer-oil-ease-pressure\/","title":{"rendered":"Rand firms as weaker Dollar, softer oil ease pressure"},"content":{"rendered":"<div>The South African (SA) Rand edged up in early Tuesday trade on a weaker Dollar \u200bas oil prices dipped back below $100 a barrel \u200cand on signs of potential United States (US), Iran dialogue, easing concerns about supply risks after the US military began blocking shipping \u200btraffic in and out of Iran&#8217;s ports.<\/div>\n<div><\/div>\n<div>Rand traded at 16.3625 against \u2060the Dollar, about 0.4% up from its previous \u200bclose.<\/div>\n<div><\/div>\n<div>Oil prices fell below $100 a barrel as signs of \u200bpotential US and Iran dialogue to end their war eased concerns about supply risks after the US military began blocking shipping traffic \u200bin and out of Iran&#8217;s ports.<\/div>\n<div><\/div>\n<div><i>Reuters <\/i>reported that negotiations \u200bbetween Washington and Tehran were still ongoing, while US Vice \u200cPresident \u2060JD Vance said in an interview that the US expected Iran to make progress in opening the Strait of Hormuz.<\/div>\n<div><\/div>\n<div>Gold, SA&#8217;s key export, rebounded on \u200bTuesday from \u200ba near \u2060one-week low hit the day before.<\/div>\n<div><\/div>\n<div>The US Dollar was flat against a basket \u200bof currencies and hovered near its lowest \u200blevel \u2060in more than a month, making gold denominated in the greenback more affordable for holders of other currencies.<\/div>\n<div><\/div>\n<div>S\u2060A&#8217;s \u200bbenchmark 2035 government bond also \u200bfirmed in early deals, as the yield fell 1.2 basis points \u200bto 8.425%.<\/div>\n<div><\/div>\n<div>&#8211;Reuters&#8211;<\/div>\n","protected":false},"featured_media":13745,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-31815","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 Tuesday trade on a weaker Dollar","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/31815","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\/31815\/revisions"}],"predecessor-version":[{"id":31816,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/31815\/revisions\/31816"}],"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=31815"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=31815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}