{"id":42393,"date":"2026-08-13T12:56:23","date_gmt":"2026-08-13T10:56:23","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=42393"},"modified":"2026-08-13T12:56:23","modified_gmt":"2026-08-13T10:56:23","slug":"rand-steady-ahead-of-mining-data-and-as-fed-rate-hike-bets-shrink","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/rand-steady-ahead-of-mining-data-and-as-fed-rate-hike-bets-shrink\/","title":{"rendered":"Rand steady ahead of mining data and as Fed rate-hike bets shrink"},"content":{"rendered":"<div>The South African (SA) Rand was little changed early on Thursday as investors awaited domestic mining \u200bproduction data and lower-than-expected United States (US) inflation figures \u200ctempered expectations that the Federal Reserve will raise interest rates next month.<\/div>\n<div><\/div>\n<div>The Rand traded at 16.1625 against \u200bthe Dollar, almost unchanged from its previous close.<\/div>\n<div><\/div>\n<div>Statistics \u200bSA is due to publish June \u2060mining production data, providing insights into \u200bthe health of Africa&#8217;s largest economy.<\/div>\n<div>Mining output fell by 5.4% \u200byear-on-year in May and economists expect it to fall again in June.<\/div>\n<div><\/div>\n<div>&#8220;For mining, weaker output is likely to reflect elevated \u200binput costs and softer commodity prices in some \u200bkey segments. Although fuel costs moderated in June, they remained significantly \u200chigher \u2060than a year ago,&#8221; said Nedbank economists in a note.<\/div>\n<div><\/div>\n<div>Like other risk-sensitive currencies, the rand often takes its cues from global factors, particularly US monetary policy, \u200balongside domestic economic \u200bdata.<\/div>\n<div><\/div>\n<div>The US \u2060Consumer Price Index rose 0.1% in July, a modest increase that could weaken the \u200bcase for a Federal Reserve interest rate \u200bhike \u2060next month, lifting risk appetite.<\/div>\n<div><\/div>\n<div>On the Johannesburg Stock Exchange, the Top 40 index was last down 0.9% in early \u2060trade.<\/div>\n<div><\/div>\n<div>SA&#8217;s benchmark 2035 government bond \u200bwas weaker in early deals, as the yield rose 12 basis points \u200bto 8.425%.<\/div>\n<div><\/div>\n<div>&#8211;Reuters&#8211;<\/div>\n","protected":false},"featured_media":13745,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-42393","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":"","news_description":"SA Rand was little changed early on Thursday","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/42393","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\/42393\/revisions"}],"predecessor-version":[{"id":42394,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/42393\/revisions\/42394"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/13745"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=42393"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=42393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}