{"id":39646,"date":"2026-07-15T10:05:38","date_gmt":"2026-07-15T08:05:38","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=39646"},"modified":"2026-07-15T10:05:38","modified_gmt":"2026-07-15T08:05:38","slug":"rand-flat-as-traders-awaits-more-us-inflation-data","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/rand-flat-as-traders-awaits-more-us-inflation-data\/","title":{"rendered":"Rand flat as traders awaits more US inflation data"},"content":{"rendered":"<div>\n<p class=\"x_MsoNormal\">The South African (SA) Rand was flat in early trade on Wednesday, as markets awaited a United States US \u200bproducer inflation reading for further clues on the \u200cFederal Reserve&#8217;s interest rate trajectory.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">The Rand traded at 16.3850 against the US Dollar, little moved from its \u200bprevious close.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">ETM Analytics in a research note said \u200bbroad Dollar weakness rather than improving domestic fundamentals \u2060has driven rand resilience.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">Africa&#8217;s largest economy posted its first \u200bdecline in mining output in six months, with production down 5.4% \u200bin May versus the same month a year prior after rising 8% in April.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">The domestic economic calendar is relatively light for \u200bthe remainder of the week, leaving the risk-sensitive rand \u200blargely influenced by external factors, such as US policy and data \u200creleases.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">The \u2060Dollar traded weaker against a basket of peers, tumbling from a two-week high, as a softer-than-expected consumer price index reading on Tuesday curbed bets on a near-term Fed \u200bhike.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">Attention shifts to \u200bthe Producer \u2060Price Index, due later in the global day.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">Traders see about a 58% chance of \u200ba rate hike at the Fed&#8217;s September \u200bmeeting, versus \u206076% before the CPI report, and continue to price in an 80% chance of a December hike, CME FedWatch \u2060Tool&#8217;s \u200bdata showed.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">SA&#8217;s benchmark 2035 \u200bgovernment bond weakened in early deals, with the yield rising 2.5 basis \u200bpoints to 8.425%.<\/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,"_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-39646","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":"","news_description":"SA Rand was flat in early trade on Wednesday","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/39646","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\/39646\/revisions"}],"predecessor-version":[{"id":39647,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/39646\/revisions\/39647"}],"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=39646"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=39646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}