{"id":50762,"date":"2026-11-12T10:01:11","date_gmt":"2026-11-12T08:01:11","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=50762"},"modified":"2026-11-12T10:01:11","modified_gmt":"2026-11-12T08:01:11","slug":"rand-softens-ahead-of-domestic-mining-data","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/rand-softens-ahead-of-domestic-mining-data\/","title":{"rendered":"Rand softens ahead of domestic mining data"},"content":{"rendered":"<div>The South African (SA) Rand softened in early trade on Thursday as a stronger Dollar\u00a0\u200band growing expectations of a further Federal Reserve \u200crate hike weighed on risk-sensitive currencies, while investors awaited domestic mining production data.<\/div>\n<div><\/div>\n<div>The Rand traded at \u200b16.62 against the Dollar, 0.2% down than its \u200bprevious close.<\/div>\n<div><\/div>\n<div>Statistics South Africa is due to \u2060publish September mining production data, \u200bwith economists expecting another contraction after output fell 12.7% year \u200bon year in August.<\/div>\n<div><\/div>\n<div>&#8220;We expect the weakness to persist into September as high input costs, compounded by steep fuel prices, \u200band structural constraints continue to weigh on both \u200bsectors,&#8221; Nedbank economists said in a note.<\/div>\n<div><\/div>\n<div>The Dollar\u00a0climbed to a \u200c19-month \u2060high against major peers, supported by growing expectations of a United States (US) Federal Reserve rate hike.<\/div>\n<div><\/div>\n<div>Traders ramped up bets on further Fed tightening after stronger-than-expected October inflation \u200bdata and a \u200bseries of \u2060hawkish remarks from US central bank officials, who expressed concern over stubborn inflation \u200band left open the possibility of a \u200blarger \u206050-basis-point increase.<\/div>\n<div><\/div>\n<div>Like other risk-sensitive currencies, the Rand\u00a0often takes its cues from global factors, particularly US monetary \u2060policy, alongside \u200bdomestic economic data.<\/div>\n<div><\/div>\n<div>SA&#8217;s benchmark \u200b2035 government bond was steady in early deals, with the yield \u200bat 8.465%.<\/div>\n<div><\/div>\n<div>&#8211;Reuters&#8211;<\/div>\n","protected":false},"featured_media":15730,"template":"","meta":{"_acf_changed":false,"_members_access_role":[],"_members_access_error":"","_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-50762","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":"","news_description":"Rand softened in early trade on Thursday","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/50762","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\/50762\/revisions"}],"predecessor-version":[{"id":50764,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/50762\/revisions\/50764"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/15730"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=50762"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=50762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}