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South Africa , Thursday 16 July 2026

South African rand gains as US inflation weighs on dollar

Published on: Tuesday 14 July 2026

South African rand gains as US inflation weighs on dollar JOHANNESBURG, July 14 (Reuters) - The South African rand gained on Tuesday against a weaker dollar after U.S. consumer inflation slowed more than expected in June, ruling out an interest rate increase from the Federal Reserve this year. • The rand was trading at 16.3725 against the dollar by 1255 GMT, roughly up 0.6% from its previous close. • The U.S. dollar weakened about 0.5% against a basket


News source: https://www.msn.com/en-us/money/markets/south-african-rand-gains-as-us-inflation-weighs-on-dollar/ar-AA27TBk9

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