{"id":38589,"date":"2026-07-02T10:49:47","date_gmt":"2026-07-02T08:49:47","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=38589"},"modified":"2026-07-02T10:49:47","modified_gmt":"2026-07-02T08:49:47","slug":"rand-inches-higher-as-traders-brace-for-key-us-jobs-data","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/rand-inches-higher-as-traders-brace-for-key-us-jobs-data\/","title":{"rendered":"Rand inches higher as traders brace for key US jobs data"},"content":{"rendered":"<div>\n<p class=\"x_MsoNormal\">The South African (SA) Rand edged higher against a weaker Dollar in early trade \u200bon Thursday, as investors awaited the United States (US) \u200cnonfarm payrolls report for cues on the Federal Reserve&#8217;s monetary policy path.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">The Rand traded at 16.3750 against \u200bthe Dollar, roughly up 0.2% from its \u2060previous close.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">The US Dollar was down 0.2% \u200bagainst a basket of currencies, while oil prices \u200bdropped about 1% on Thursday, after Qatar said Iran and the US had made progress in indirect talks focused on \u200bthe Strait of Hormuz, which handled one-fifth \u200bof global oil supply before the war.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">US nonfarm payrolls \u200care \u2060expected to show employers added 110 000 jobs in June, while the unemployment rate is forecast to remain unchanged at 4.3%, according to the median \u200bestimate in \u200ba Reuters \u2060poll of economists.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">In the absence of major domestic economic data, the \u200bSouth African rand, like other risk-sensitive currencies, \u200btends \u2060to be driven by global factors, including US economic data releases and policy developments.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">SA&#8217;s benchmark \u20602035 \u200bgovernment bond was weaker in \u200bearly deals, as the yield rose 2.5 basis points to \u200b8.295%.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">&#8211;Reuters&#8211;<\/p>\n<\/div>\n","protected":false},"featured_media":34578,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-38589","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":"","news_description":"SA) Rand edged higher against a weaker Dollar","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/38589","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\/38589\/revisions"}],"predecessor-version":[{"id":38591,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/38589\/revisions\/38591"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/34578"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=38589"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=38589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}