{"id":34394,"date":"2026-05-13T12:53:50","date_gmt":"2026-05-13T10:53:50","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=34394"},"modified":"2026-05-13T12:53:50","modified_gmt":"2026-05-13T10:53:50","slug":"rand-edges-as-markets-eye-us-president-chines-president-summit","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/rand-edges-as-markets-eye-us-president-chines-president-summit\/","title":{"rendered":"Rand edges as markets eye US President, Chines President summit"},"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 edged higher in early trade on Wednesday, as investors awaited \u200bdevelopments from a meeting between United States (US) President Donald Trump \u200cand China&#8217;s Xi Jinping in Beijing.<\/span><\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">Rand traded at 16.4517 against the Dollar, about 0.4% up \u200bfrom its previous close.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">The Trump-Xi summit is \u200bscheduled to run from Thursday to Friday. Trump \u2060has said he does not think he will need \u200bChina&#8217;s help to end the war with Iran, even \u200bas Tehran tightened its grip over the Strait of Hormuz.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">&#8220;Markets are not expecting dramatic breakthroughs, Trump himself said Iran would not \u200bfeature heavily in discussions, but any signal that \u200bChina will help pressure Iran to reopen the Strait of Hormuz \u200cwould \u2060be enormously positive for oil prices, inflation, and global markets,&#8221; said Wichard Cilliers, Head of Market risk at TreasuryONE.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">Oil prices fell on Wednesday, snapping a three-day \u200brally as \u200binvestors braced for \u2060a high-stakes summit in China.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">Cilliers added that, for SA and the \u200brand, a constructive outcome in Beijing this \u200bweek \u2060could provide meaningful relief.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">On the Johannesburg Stock Exchange, the Top 40 index was last up 1% in early trade.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">SA&#8217;s \u200bbenchmark 2035 government bond was \u200bfirmer in early deals, as the yield fell 4 basis points \u200bto 8.74%.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">&#8211;Reuters&#8211;<\/p>\n<\/div>\n","protected":false},"featured_media":12528,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-34394","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":"","news_description":"SA Rand edged higher in early trade on Wednesday","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/34394","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\/34394\/revisions"}],"predecessor-version":[{"id":34395,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/34394\/revisions\/34395"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/12528"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=34394"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=34394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}