{"id":39563,"date":"2026-07-14T11:24:36","date_gmt":"2026-07-14T09:24:36","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=39563"},"modified":"2026-07-14T11:24:36","modified_gmt":"2026-07-14T09:24:36","slug":"rand-wobbly-ahead-of-local-mining-data-us-inflation-print","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/rand-wobbly-ahead-of-local-mining-data-us-inflation-print\/","title":{"rendered":"Rand wobbly ahead of local mining data, US inflation print"},"content":{"rendered":"<div dir=\"auto\">The South African (SA) Rand was under pressure early on Tuesday as uncertainty surrounding the Iran war hung \u200bover markets ahead of the release of domestic \u200cmining figures and key US inflation data.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">The Rand traded at 16.4575 against the Dollar, a whisker away from \u200bits previous close, and teetering near a more \u200bthan two-week low.<\/div>\n<div dir=\"auto\">Statistics SA is due to \u2060publish May mining production data, offering fresh insights into the health of Africa&#8217;s largest economy.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">Mining \u200bproduction rose 8.2% year-on-year in April, with economists polled by Reuters expecting it to have moderated to 1.5% this time around.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">The US Dollar \u200bcrept lower against a basket of currencies as \u200binvestors awaited inflation data later in the day and testimony by Federal \u200cReserve \u2060Chair Kevin Warsh on the central bank&#8217;s semi-annual monetary policy report to Congress.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">Traders also remained focused on developments in the Gulf after US President Donald Trump said \u200bWashington was reinstating \u200bits blockade of \u2060Iranian shipping and would levy a 20% fee on cargo passing through the Strait \u200bof Hormuz.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">SA, a net fuel importer, \u200bhas proposed \u2060a revamp of its strategic fuel storage capability requiring mandatory reserves from both the state and private sector to \u2060mitigate supply \u200bdisruptions.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">SA&#8217;s benchmark 2035 government \u200bbond was weaker in early deals, as the yield rose 7.5 basis \u200bpoints to 8.42%.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">&#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-39563","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":"","news_description":"SA Rand was under pressure early on Tuesday","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/39563","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\/39563\/revisions"}],"predecessor-version":[{"id":39564,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/39563\/revisions\/39564"}],"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=39563"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=39563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}