{"id":39420,"date":"2026-07-13T09:49:34","date_gmt":"2026-07-13T07:49:34","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=39420"},"modified":"2026-07-13T09:49:34","modified_gmt":"2026-07-13T07:49:34","slug":"rand-slides-as-renewed-gulf-conflict-fuels-risk-off-mood","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/rand-slides-as-renewed-gulf-conflict-fuels-risk-off-mood\/","title":{"rendered":"Rand slides as renewed Gulf conflict fuels risk-off mood"},"content":{"rendered":"<div>\n<p class=\"x_MsoNormal\">The South African (SA) Rand weakened against the Dollar on Monday, tracking losses \u200bamong emerging market currencies as escalating \u200ctensions in the Middle East dampened risk sentiment.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">The Rand traded at 16.3825 per Dollar , \u200broughly down 0.5% from its previous \u200bclose.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">The United States (US) Dollar index crept higher against \u2060a basket of currencies on the \u200bday as renewed conflict in the Middle East \u200bsent oil prices 4% higher.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">US and Iranian forces have exchanged heavy missile and drone assaults, with Tehran targeting US \u200bfacilities in states across the Gulf on \u200bSunday and saying it had again closed the vital \u200cStrait \u2060of Hormuz.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">Some 20% of the world&#8217;s oil and liquefied natural gas transited the strait before the war began at the end \u200bof February.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">&#8220;The Rand \u200bappears \u2060to be a by-stander to what is going on,&#8221; said Umkhulu \u200bTreasury&#8217;s Adam Phillips, adding that the \u200bcurrency \u2060was likely to weaken beyond the 16.40 per Dollar level during the session.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">SA&#8217;s benchmark \u20602035 \u200bgovernment bond weakened in early \u200bdeals, as the yield rose 5 basis points to \u200b8.35%.<\/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-39420","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":"","news_description":"SA Rand weakened against the Dollar on Monday","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/39420","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\/39420\/revisions"}],"predecessor-version":[{"id":39421,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/39420\/revisions\/39421"}],"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=39420"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=39420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}