{"id":36676,"date":"2026-06-10T09:43:04","date_gmt":"2026-06-10T07:43:04","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=36676"},"modified":"2026-06-10T09:43:04","modified_gmt":"2026-06-10T07:43:04","slug":"rand-steady-with-iran-war-us-inflation-data-in-focus","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/rand-steady-with-iran-war-us-inflation-data-in-focus\/","title":{"rendered":"Rand steady with Iran war, US inflation data in focus"},"content":{"rendered":"<div>The South African (SA) Rand held steady in early trade on Wednesday as markets stayed on \u200bedge over the latest United States (US) and Iran clashes and awaited crucial \u200cUS inflation data for clues on the Federal Reserve&#8217;s rate path.<\/div>\n<div><\/div>\n<div>The Rand traded at 16.51 against the \u200bUS Dollar, little changed from its previous close.<\/div>\n<div><\/div>\n<div>The Dollar \u200bheld steady against its peers, while the oil prices \u2060climbed after the US military launched new strikes \u200bagainst Iran and as market data showed another large \u200bdraw in US crude stocks.<\/div>\n<div><\/div>\n<div>The US military struck Iranian targets after President Donald Trump vowed on Tuesday to respond to the downing \u200bof an Apache attack helicopter, a fresh escalation \u200bthat threatens to unravel a fragile ceasefire between Washington and Tehran.<\/div>\n<div><\/div>\n<div>Iran&#8217;s \u200cRevolutionary \u2060Guards said they retaliated with attacks against a US base in Jordan and 21 other targets in the Gulf on Wednesday.<\/div>\n<div><\/div>\n<div>&#8220;The local currency will continue to be driven \u200bby headlines \u200band the \u2060US inflation data this afternoon,&#8221; Andre Cilliers, Currency Strategist at TreasuryONE, said.<\/div>\n<div><\/div>\n<div>A closely watched \u200bUS inflation reading later in the day \u200bwill \u2060be the next major test for markets. Like other risk-sensitive currencies, the Rand often takes cues from global \u2060drivers.<\/div>\n<div><\/div>\n<div>SA&#8217;s \u200bbenchmark 2035 government bond was \u200bslightly weaker in early deals, as the yield rose 2.5 basis points \u200bto 8.65%.<\/div>\n<div><\/div>\n<div>&#8211;Reuters&#8211;<\/div>\n","protected":false},"featured_media":14374,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-36676","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":"","news_description":"SA Rand held steady in early trade on Wednesday","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/36676","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\/36676\/revisions"}],"predecessor-version":[{"id":36677,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/36676\/revisions\/36677"}],"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=36676"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=36676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}