{"id":40737,"date":"2026-07-27T10:26:53","date_gmt":"2026-07-27T08:26:53","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=40737"},"modified":"2026-07-27T10:26:53","modified_gmt":"2026-07-27T08:26:53","slug":"rand-trims-recent-losses","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/rand-trims-recent-losses\/","title":{"rendered":"Rand trims recent losses"},"content":{"rendered":"<div>\n<p class=\"x_MsoNormal\">The South African (SA) Rand strengthened in early trading on Monday, recovering some of last week&#8217;s \u200blosses as a pause in hostilities between \u200cthe United States (US) and Iran triggered a sharp decline in oil prices and improved market sentiment.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">The Rand traded at 16.6650 \u200bagainst the Dollar, up about \u200b1% from its previous close.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">The currency lost \u2060about 2% last week and came close to breaching 17 \u200bper dollar for the first time since April.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">The decline \u200bwas driven largely by the SA Reserve Bank&#8217;s decision to leave its benchmark lending rate unchanged, contrary to market expectations \u200bof an increase of 25 basis points.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">&#8220;Some economists \u200bnow say the rand&#8217;s medium-term trading range has shifted to 16.50-17.50 \u200cper \u2060Dollar, although I think it would take something very significant for the currency to break through the 17.00 level in the medium term,&#8221; said Adam Phillips, \u200banalyst at Umkhulu \u200bTreasury.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">Oil prices tumbled \u2060more than 6% on Monday after the US and Iran paused strikes over \u200bthe weekend after two weeks of attacks, \u200braising \u2060hopes of a diplomatic solution that would de-escalate the conflict and allow shipping to resume in the Strait \u2060of \u200bHormuz.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">SA&#8217;s benchmark 2035 government \u200bbond was stronger in early deals, as the yield fell 9 basis \u200bpoints to 8.65%.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">&#8211;Reuters&#8211;<\/p>\n<\/div>\n","protected":false},"featured_media":14374,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"news-type":[],"class_list":["post-40737","news","type-news","status-publish","has-post-thumbnail","hentry","entry"],"acf":{"short_description":"","published_date":"","news_description":"SA Rand strengthened in early trading on Monday","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/40737","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\/40737\/revisions"}],"predecessor-version":[{"id":40738,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/40737\/revisions\/40738"}],"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=40737"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=40737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}