{"id":37547,"date":"2026-06-19T17:38:05","date_gmt":"2026-06-19T15:38:05","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=37547"},"modified":"2026-06-19T17:38:05","modified_gmt":"2026-06-19T15:38:05","slug":"rand-weakens-as-hawkish-federal-boosts-dollar","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/rand-weakens-as-hawkish-federal-boosts-dollar\/","title":{"rendered":"Rand weakens as hawkish Federal boosts Dollar"},"content":{"rendered":"<div dir=\"auto\">The South African (SA) Rand weakened in early trade on Friday, pressured by \u200ba firmer Dollar and hawkish signals from the \u200cUnited States (US) Federal Reserve that dampened appetite for riskier assets.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">The Rand traded at 16.50 \u200bagainst the Dollar , about 0.3% down \u200bfrom its previous close.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">The currency came under \u2060pressure as investors reassessed expectations for US \u200binterest rates, with Fed officials signalling that \u200bborrowing costs may need to remain elevated for longer to curb inflation.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">The greenback strengthened against a basket of \u200bcurrencies, rising to a one-year high.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">Analysts \u200bhave said that the Dollar advance reflects a sharp \u200crepricing \u2060of US rate risk rather than safe-haven demand.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">&#8220;Upside surprises in payrolls and persistently low layoffs reinforced the view that the US economy \u200bcan tolerate \u200btighter policy, \u2060while cheaper Brent crude failed to offset higher short-term US yields. \u200bFor SA, this keeps Dollar \u200bliquidity \u2060expensive and caps Rand rallies,&#8221; said ETM Analytics in a note.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">SA&#8217;s benchmark 2035 government \u2060bond \u200bwas also weaker in early \u200bdeals, as the yield rose 5 basis points to \u200b8.32%.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">&#8211;Reuters&#8211;<\/div>\n","protected":false},"featured_media":12528,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-37547","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":"","news_description":"","form_embed":"","author":"","image_caption":"SA Rand weakened in early trade on Friday"},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/37547","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\/37547\/revisions"}],"predecessor-version":[{"id":37557,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/37547\/revisions\/37557"}],"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=37547"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=37547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}