{"id":37800,"date":"2026-06-23T11:43:03","date_gmt":"2026-06-23T09:43:03","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=37800"},"modified":"2026-06-23T11:43:03","modified_gmt":"2026-06-23T09:43:03","slug":"rand-weakens-on-firmer-dollar-ahead-of-leading-indicator-data","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/rand-weakens-on-firmer-dollar-ahead-of-leading-indicator-data\/","title":{"rendered":"Rand weakens on firmer Dollar ahead of leading indicator data"},"content":{"rendered":"<div class=\"x_elementToProof\">The South African (SA) Rand weakened in early trade on Tuesday, pressured by a \u200bfirmer United States (US) Dollar ahead of Central bank \u200cdata expected to shed light on the economic outlook.<\/div>\n<div class=\"x_elementToProof\" dir=\"ltr\"><\/div>\n<div class=\"x_elementToProof\">The Rand traded at 16.4525 against the \u200bDollar, down 0.3% from its previous close.<\/div>\n<div class=\"x_elementToProof\" dir=\"ltr\"><\/div>\n<div class=\"x_elementToProof\">The Dollar \u200bheld firm as traders positioned for a more \u2060hawkish Federal Reserve, while oil prices edged lower \u200bas investors looked for signs of progress in \u200brestoring crude flows through the Strait of Hormuz after US and Iran peace talks.<\/div>\n<div class=\"x_elementToProof\" dir=\"ltr\"><\/div>\n<div class=\"x_elementToProof\">The US waived sanctions on Iran for 60 days from \u200bMonday after the first talks under a nascent \u200bpeace deal, while officials reported a sustained lull in fighting \u200cin \u2060Lebanon under the agreement aimed at ending hostilities across the region.<\/div>\n<div class=\"x_elementToProof\" dir=\"ltr\"><\/div>\n<div class=\"x_elementToProof\">SA Reserve Bank will publish the country&#8217;s leading business \u200bcycle indicator for April, \u2060which includes data on vehicle sales, business confidence, money supply and other \u200bfactors.<\/div>\n<div class=\"x_elementToProof\" dir=\"ltr\"><\/div>\n<div class=\"x_elementToProof\">Later in the week, investor attention \u200bwill shift \u2060to producer inflation data for further clues on the health of Africa&#8217;s most industrialised economy.<\/div>\n<div class=\"x_elementToProof\" dir=\"ltr\"><\/div>\n<div class=\"x_elementToProof\">SA&#8217;s \u2060benchmark \u200b2035 government bond was weaker \u200bin early deals, with the yield up 4 basis points to \u200b8.32%.<\/div>\n<div class=\"x_elementToProof\" dir=\"ltr\"><\/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-37800","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":"","news_description":"SA Rand weakened in early trade on Tuesday","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/37800","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\/37800\/revisions"}],"predecessor-version":[{"id":37801,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/37800\/revisions\/37801"}],"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=37800"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=37800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}