{"id":47476,"date":"2026-10-07T11:52:07","date_gmt":"2026-10-07T09:52:07","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=47476"},"modified":"2026-10-07T11:52:07","modified_gmt":"2026-10-07T09:52:07","slug":"rand-slips-as-stronger-dollar-oil-supply-risks-weigh","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/rand-slips-as-stronger-dollar-oil-supply-risks-weigh\/","title":{"rendered":"Rand slips as stronger Dollar, oil supply risks weigh"},"content":{"rendered":"<div class=\"x_elementToProof\">The South African (SA) Rand weakened in early trade on Wednesday as a stronger \u200bUnited States (US) Dollar reduced demand for risk-sensitive \u200cassets, while concerns over oil supply risks kept investors cautious.<\/div>\n<div class=\"x_elementToProof\" dir=\"ltr\"><\/div>\n<div class=\"x_elementToProof\">The Rand traded at 16.5850 against \u200bthe Dollar , about 0.3% down from \u200bits previous close.<\/div>\n<div class=\"x_elementToProof\" dir=\"ltr\"><\/div>\n<div class=\"x_elementToProof\">The US Dollar index edged \u2060higher as investors awaited the minutes of \u200bthe Federal Reserve&#8217;s September meeting for clues on \u200bwhether policymakers remain inclined to raise US interest rates further.<\/div>\n<div class=\"x_elementToProof\" dir=\"ltr\"><\/div>\n<div class=\"x_elementToProof\">Oil prices rose as supply risks from a storm \u200bthreatening US oil regions and Houthi attacks \u200bon Saudi Arabia outweighed increased Middle East crude supplies.<\/div>\n<div class=\"x_elementToProof\" dir=\"ltr\"><\/div>\n<div class=\"x_elementToProof\">SA \u200cimports \u2060most of its fuel, leaving the economy vulnerable to swings in global oil prices since the US-Israeli war against Iran began in late February.<\/div>\n<div class=\"x_elementToProof\" dir=\"ltr\"><\/div>\n<div class=\"x_elementToProof\">ETM \u200bAnalytics said \u200bin a \u2060note that the rand has been about 3.5% weaker over the \u200bpast month as high petroleum imports, \u200bespecially \u2060diesel, created sustained Dollar demand and increased the currency&#8217;s sensitivity to oil prices.<\/div>\n<div class=\"x_elementToProof\" dir=\"ltr\"><\/div>\n<div class=\"x_elementToProof\">SA&#8217;s benchmark 2035 \u2060government \u200bbond was slightly weaker in \u200bearly deals, with the yield rising by 2 basis points \u200bto 8.825%.<\/div>\n<div class=\"x_elementToProof\" dir=\"ltr\"><\/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-47476","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":"","news_description":"SA Rand weakened in early trade","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/47476","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\/47476\/revisions"}],"predecessor-version":[{"id":47477,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/47476\/revisions\/47477"}],"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=47476"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=47476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}