{"id":45016,"date":"2026-09-09T11:25:43","date_gmt":"2026-09-09T09:25:43","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=45016"},"modified":"2026-09-09T11:25:43","modified_gmt":"2026-09-09T09:25:43","slug":"rand-holds-steady-as-traders-await-domestic-news","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/rand-holds-steady-as-traders-await-domestic-news\/","title":{"rendered":"Rand holds steady as traders await domestic news"},"content":{"rendered":"<div>The South African (SA) Rand held steady against a weak Dollar in early trade \u200bon Wednesday as investors avoided taking large \u200cpositions ahead of domestic economic data that could offer further clues on the health of Africa&#8217;s largest economy.<\/div>\n<div><\/div>\n<div>The Rand traded at 15.9975 \u200bagainst the Dollar, little changed from its \u2060previous close.<\/div>\n<div><\/div>\n<div>The currency came under pressure on Tuesday \u200bafter data showed SA&#8217;s economy contracted in \u200bthe second quarter for the first time in nearly two years, weighed down mainly by the impact of the Iran \u200bwar.<\/div>\n<div><\/div>\n<div>It has since pared the losses supported \u200bby US Dollar weakness and firmer gold prices as <span class=\"x_spanWithBackgroundColor\">SA<\/span>\u00a0\u200cis \u2060one of the world&#8217;s largest exporters of the precious metal.<\/div>\n<div><\/div>\n<div>The focus will turn to current account, mining and manufacturing figures on Thursday.<\/div>\n<div><\/div>\n<div>Investors also await \u200bUS producer \u200bprice index \u2060data on Thursday and consumer price index figures on Friday.<\/div>\n<div><\/div>\n<div>In common with \u200bother risk-sensitive currencies, the rand often \u200btakes \u2060cues from global drivers such as US economic indicators, in addition to domestic economic data.<\/div>\n<div><\/div>\n<div>SA&#8217;s \u2060benchmark \u200b2035 government bond was weaker \u200bin early deals, as the yield rose 3 basis points to \u200b8.65%.<\/div>\n<div><\/div>\n<div>&#8211;Reuters&#8211;<\/div>\n","protected":false},"featured_media":34578,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-45016","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":"","news_description":"Rand held steady against a weak Dollar","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/45016","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":2,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/45016\/revisions"}],"predecessor-version":[{"id":45018,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/45016\/revisions\/45018"}],"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=45016"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=45016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}