{"id":38992,"date":"2026-07-07T11:08:32","date_gmt":"2026-07-07T09:08:32","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=38992"},"modified":"2026-07-07T11:14:19","modified_gmt":"2026-07-07T09:14:19","slug":"rand-softens-after-foreign-reserves-fall","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/rand-softens-after-foreign-reserves-fall\/","title":{"rendered":"Rand softens after foreign reserves fall"},"content":{"rendered":"<div>The South African (SA) Rand softened in early trade on Tuesday after \u200bCentral bank data showed a decline \u200cin the country&#8217;s foreign reserves last month.<\/div>\n<div><\/div>\n<div>The Rand traded at 16.2425 against \u200bthe Dollar, about 0.3% down from \u200bits previous close.<\/div>\n<div><\/div>\n<div>SA&#8217;s net foreign reserves fell to $71.34 \u2060billion at the end of June \u200bfrom $73.47 billion in May.<\/div>\n<div><\/div>\n<div>The greenback was steady against \u200ba basket of currencies as investors looked ahead to minutes from the United States (US) Federal Reserve&#8217;s June \u200bmeeting for insight into Chair Kevin \u200bWarsh&#8217;s monetary policy direction, while oil prices edged higher as \u200ctraders \u2060tracked supply recovery and demand.<\/div>\n<div><\/div>\n<div>&#8220;For the rand, the near-term bias should remain constructive as long as global investors are willing \u200bto fund \u200bcarry and \u2060rotate into liquid emerging market assets,&#8221; ETM Analytics said in \u200ba research note.<\/div>\n<div><\/div>\n<div>On the Johannesburg Stock \u200bExchange, \u2060the Top-40 index was down 0.5% in early trade.<\/div>\n<div><\/div>\n<div>SA&#8217;s benchmark 2035 government \u2060bond \u200bwas weaker in early deals, \u200bas the yield rose 2.5 basis points to 8.22%.<\/div>\n<div><\/div>\n<div>&#8211;Reuters&#8211;<\/div>\n","protected":false},"featured_media":14374,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-38992","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":"","news_description":"Rand softened in early trade on Tuesday","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/38992","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\/38992\/revisions"}],"predecessor-version":[{"id":38993,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/38992\/revisions\/38993"}],"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=38992"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=38992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}