{"id":47806,"date":"2026-10-13T09:45:26","date_gmt":"2026-10-13T07:45:26","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=47806"},"modified":"2026-10-13T09:45:26","modified_gmt":"2026-10-13T07:45:26","slug":"rand-edges-up-ahead-of-local-mining-data","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/rand-edges-up-ahead-of-local-mining-data\/","title":{"rendered":"Rand edges up ahead of local mining data"},"content":{"rendered":"<div>\n<p class=\"x_MsoNormal\">The South African (SA) Rand edged up in early trade on Tuesday as investors awaited domestic \u200bmining production data, while markets looked ahead \u200cto US inflation figures for fresh signals on the Federal Reserve&#8217;s interest-rate trajectory.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">The Rand traded at 16.5150 \u200bagainst the Dollar, about 0.2% firmer than \u200bits previous close.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">Statistics SA is due to \u2060publish August mining production data, \u200bwith economists expecting another contraction after output fell 7.5% year \u200bon year in July.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">&#8220;We expect mining production to remain in contraction, mainly reflecting elevated domestic input costs, softer commodity prices \u200bin some key segments and subdued global demand,&#8221; \u200bNedbank economists said in a note.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">The Dollar index was down, lending \u200csupport \u2060to the rand, while oil prices fell as traders assessed supply risks following attacks on Saudi Arabia and weighed the prospect of additional diesel supplies from Russia.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">Investors \u200bare also \u200bfocused on \u2060Wednesday&#8217;s United States (US) Consumer Price Index report, one of the last major data releases \u200bbefore the Federal Reserve&#8217;s late October policy meeting.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">Like \u200bother \u2060risk-sensitive currencies, the Rand often takes its cues from global factors, particularly US monetary policy, alongside domestic economic \u2060data.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">S\u200bA&#8217;s benchmark 2035 government bond was \u200bfirmer in early deals, as the yield fell 3 basis points \u200bto 8.785%.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">&#8211;Reuters&#8211;<\/p>\n<\/div>\n","protected":false},"featured_media":34578,"template":"","meta":{"_acf_changed":false,"_members_access_role":[],"_members_access_error":"","_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-47806","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 Tuesday","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/47806","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\/47806\/revisions"}],"predecessor-version":[{"id":47807,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/47806\/revisions\/47807"}],"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=47806"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=47806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}