{"id":47367,"date":"2026-10-06T14:48:31","date_gmt":"2026-10-06T12:48:31","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=47367"},"modified":"2026-10-06T14:56:15","modified_gmt":"2026-10-06T12:56:15","slug":"rand-holds-firm-despite-stronger-dollar-and-weak-metals","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/rand-holds-firm-despite-stronger-dollar-and-weak-metals\/","title":{"rendered":"Rand holds firm despite stronger Dollar, weak metals"},"content":{"rendered":"<div>The South African (SA) Rand was steady early on Tuesday, shrugging off a \u200bstronger United States (US) Dollar even as weaker gold \u200cand platinum prices weighed on S&#8217;s export earnings and terms of trade.<\/div>\n<div><\/div>\n<div>The rand \u200btraded at 16.6325 against the Dollar, \u200blittle changed from its previous close of \u206016.6497.<\/div>\n<div><\/div>\n<div>The Dollar index , which measures the \u200bgreenback against a basket of currencies edged up, \u200bdriven by easing expectations of a Federal Reserve interest rate hike this month.<\/div>\n<div><\/div>\n<div>Gold and platinum, SA&#8217;s \u200bkey exports, eased on Tuesday also pressured by \u200bthe firmer Dollar<\/div>\n<div><\/div>\n<div>Analytics said the Rand has remained resilient \u200cdespite \u2060a firmer US Dollar, even as weak gold and platinum prices and elevated oil prices weighed<\/div>\n<div><\/div>\n<div>&#8220;As an economy, SA remains vulnerable to \u200bmore shocks. \u200bStill, the \u2060full effects can sometimes be masked by lower foreign participation. That \u200bshould not be confused with a \u200brising \u2060belief that SA is doing something right,&#8221; said ETM Analytics in a note.<\/div>\n<div><\/div>\n<div>SA&#8217;s benchmark 2035 \u2060government \u200bbond was firmer in \u200bearly deals, as the yield fell 3.5 basis points to \u200b8.85%<\/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-47367","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":"","news_description":"Rand was steady early on Tuesday","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/47367","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\/47367\/revisions"}],"predecessor-version":[{"id":47388,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/47367\/revisions\/47388"}],"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=47367"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=47367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}