{"id":45138,"date":"2026-09-10T11:33:33","date_gmt":"2026-09-10T09:33:33","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=45138"},"modified":"2026-09-10T11:33:33","modified_gmt":"2026-09-10T09:33:33","slug":"rand-gains-before-key-economic-readings","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/rand-gains-before-key-economic-readings\/","title":{"rendered":"Rand gains before key economic readings"},"content":{"rendered":"<div>The South African (SA) Rand edged up in early trade on Thursday ahead of the release of domestic manufacturing, current \u200baccount and mining figures, while traders also awaited United States (US) \u200cinflation data that could shape the Federal Reserve&#8217;s interest-rate path.<\/div>\n<div><\/div>\n<div>The Rand traded at 16.0250 against the Dollar, about 0.2% stronger than \u200bits previous close.<\/div>\n<div><\/div>\n<div>Statistics SA is scheduled to publish July \u200bmining and manufacturing data later on Thursday, with analysts \u2060polled by Reuters expecting output to have fallen by 2.8% \u200band 1.6% respectively.<\/div>\n<div><\/div>\n<div>&#8220;We expect weakness in mining and manufacturing production to \u200bpersist into July, given high input costs driven primarily by ongoing structural constraints and exacerbated by higher fuel prices caused by the US and Iran conflict,&#8221; Nedbank \u200beconomists said in a note.<\/div>\n<div><\/div>\n<div>SA&#8217;s Central bank will release second-quarter \u200bcurrent account data. Analysts polled by\u00a0<i>Reuters\u00a0<\/i>forecast a deficit \u200cof \u20600.4%.<\/div>\n<div><\/div>\n<div>The greenback traded flat against a basket of currencies, as traders eyed US producer price index data due and consumer inflation figures scheduled for release on Friday.<\/div>\n<div><\/div>\n<div>The Federal will \u200bhold its interest \u200brate steady at \u2060its September 15-16 meeting and for the rest of this year, again defying market expectations for \u200ba series of hikes, according to a majority \u200bof economists \u2060in a\u00a0<i>Reuters\u00a0<\/i>poll.<\/div>\n<div><\/div>\n<div>In common with other risk-sensitive currencies, the rand often takes cues from global drivers such as US economic indicators and \u2060monetary \u200bpolicy, in addition to domestic economic data.<\/div>\n<div><\/div>\n<div>S\u200bA&#8217;s benchmark 2035 government bond weakened in early deals, as the yield rose 5.5 \u200bbasis points to 8.675%.<\/div>\n<div><\/div>\n<div>&#8211;Reuters&#8211;<\/div>\n","protected":false},"featured_media":13745,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-45138","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":"","news_description":"Rand edged up in early trade on Thursday","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/45138","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\/45138\/revisions"}],"predecessor-version":[{"id":45139,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/45138\/revisions\/45139"}],"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=45138"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=45138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}