{"id":43996,"date":"2026-08-28T10:49:27","date_gmt":"2026-08-28T08:49:27","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=43996"},"modified":"2026-08-28T10:49:27","modified_gmt":"2026-08-28T08:49:27","slug":"rand-edges-up-as-markets-await-warshs-jackson-hole-speech","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/rand-edges-up-as-markets-await-warshs-jackson-hole-speech\/","title":{"rendered":"Rand edges up as markets await Warsh&#8217;s Jackson Hole speech"},"content":{"rendered":"<div>The South African (SA) Rand edged up in early trade on Friday as dealers awaited remarks \u200bby Federal Reserve Chair Kevin Warsh at the \u200cJackson Hole symposium.<\/div>\n<div><\/div>\n<div>The Rand traded at 15.9725 against the Dollar, up 0.2% from its previous close.<\/div>\n<div><\/div>\n<div>The United States (US) Dollar \u200bindex , which measures the greenback against a \u200bbasket of currencies including the yen and the \u2060Euro, was a shade higher at 99.18.<\/div>\n<div><\/div>\n<div>Market participants were \u200bawaiting Warsh&#8217;s debut speech in Jackson Hole, Wyoming, scheduled for clues on how he will approach monetary policy, inflation, and recent volatility in bond markets, although expectations were \u200btempered by his opposition to providing explicit forward guidance \u200bon rates.<\/div>\n<div><\/div>\n<div>&#8220;Although the Dollar and Rand downside bias remains intact, there are enough \u200cdevelopments \u2060to make investors think twice about how much stronger they think the Rand might go,&#8221; ETM Analytics said in a note.<\/div>\n<div><\/div>\n<div>Like other risk-sensitive currencies, the Rand\u00a0tends \u200bto take \u200bits cues from \u2060global developments, including US economic data and policy signals.<\/div>\n<div><\/div>\n<div>Later in the day, the \u200bNational Treasury will publish July budget balance \u200bfigures, which \u2060should give fresh clues on SA&#8217;s\u00a0fiscal position.<\/div>\n<div><\/div>\n<div>On the Johannesburg Stock Exchange, the Top-40 index was up \u2060about \u200b1% in early trade.<\/div>\n<div><\/div>\n<div>SA&#8217;s benchmark \u200b2035 government bond was steady in early deals, with the yield \u200bholding at 8.455%.<\/div>\n<div><\/div>\n<div>&#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-43996","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":"","news_description":"","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/43996","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\/43996\/revisions"}],"predecessor-version":[{"id":43997,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/43996\/revisions\/43997"}],"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=43996"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=43996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}