{"id":47657,"date":"2026-10-09T11:33:39","date_gmt":"2026-10-09T09:33:39","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=47657"},"modified":"2026-10-09T11:33:39","modified_gmt":"2026-10-09T09:33:39","slug":"rand-set-to-snap-four-week-losing-streak","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/rand-set-to-snap-four-week-losing-streak\/","title":{"rendered":"Rand set to snap four week losing streak"},"content":{"rendered":"<div>The South African (SA) Rand was on track to end the week stronger on Friday, snapping \u200ba four-week losing streak, supported by firmer \u200cgold prices and a subdued Dollar, while lower oil prices also offered relief to the net energy importer.<\/div>\n<div><\/div>\n<div>The Rand traded at 16.5275 against the \u200bDollar, roughly up 0.4% from its previous close \u2060and up about 0.7% on the week.<\/div>\n<div><\/div>\n<div>The currency fell \u200b2% last week, its sharpest weekly decline during \u200bthe recent run of losses.<\/div>\n<div><\/div>\n<div>Prices of gold, a major SA export, rose more than 1% on Friday, while the US Dollar \u200btraded flat against a basket of currencies as \u200bmarket players weighed lingering inflation concerns and the outlook for \u200cFederal \u2060Reserve interest rates.<\/div>\n<div><\/div>\n<div>Oil prices fell as Middle East supply concerns eased after US President Donald Trump said the country would not attack Iran before elections next month.<\/div>\n<div><\/div>\n<div>&#8220;For \u200bthe Rand, the \u200bnear-term direction \u2060will depend heavily on whether the improvement in global risk sentiment holds or \u200brenewed oil and yield pressure drives \u200binvestors back \u2060towards the Dollar,&#8221; said Andre Cilliers at TreasuryONE.<\/div>\n<div><\/div>\n<div>On the Johannesburg Stock Exchange, the Top-40 index was up by \u20601.4% \u200bin early trade.<\/div>\n<div><\/div>\n<div>SA&#8217;s benchmark 2035 \u200bgovernment bond also strengthened, with the yield falling 7 basis points \u200bto 8.795%.<\/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-47657","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":"","news_description":"SA Rand was on track to end the week stronger on Friday","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/47657","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\/47657\/revisions"}],"predecessor-version":[{"id":47658,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/47657\/revisions\/47658"}],"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=47657"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=47657"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}