{"id":869,"date":"2025-06-19T09:49:12","date_gmt":"2025-06-19T09:49:12","guid":{"rendered":"https:\/\/eandelmagazine.com\/eandelmagazine\/?p=869"},"modified":"2025-06-19T09:49:12","modified_gmt":"2025-06-19T09:49:12","slug":"south-african-rand-edges-up-before-local-inflation-and-retail-sales-data","status":"publish","type":"post","link":"https:\/\/eandelmagazine.com\/eandelmagazine\/south-african-rand-edges-up-before-local-inflation-and-retail-sales-data\/","title":{"rendered":"South African Rand edges up before local inflation and retail sales data"},"content":{"rendered":"

The South African rand edged up in early trade on Wednesday ahead of the release of domestic inflation and retail sales data, as investors also awaited an interest rates decision from the U.S. Federal Reserve later in the day.<\/p>\n

At\u00a00637 GMT,\u00a0the rand traded at\u00a017.9350\u00a0against the dollar, about 0.6% firmer than Tuesday\u2019s close.<\/p>\n

The risk sensitive currency fell more than 1% on Tuesday as hostilities between Israel and Iran led investors towards safe assets, dulling the appeal of the local currency.<\/p>\n

Although it has showed signs of stabilising, \u201cfurther gains are likely to be limited until after today\u2019s Fed decision,\u201d Andre Cilliers, Currency Strategist at TreasuryONE, said.<\/p>\n

Before that, South Africa-focussed investors will look to the monthly consumer price index data\u00a0due at 0800 GMT and retail sales data\u00a0two hours later to gauge the health of Africa\u2019s most industrialised economy.<\/p>\n

Economists polled by Reuters estimate inflation to have remained steady 2.8% in May, while retail sales are expected to have increased 3.1% in April.<\/p>\n

Nedbank economists said in a research note they expect consumer inflation to ease to 2.3% year-on-year in May and forecast a growth of 1.7% in retail sales, saying they would be \u201csupported by the more subdued inflationary environment, lower interest rates and easing debt service costs, which has lifted real wages and discretionary spending\u201d.<\/p>\n

South Africa\u2019s benchmark 2035 government bond\u00a0was little changed in early deals, with the yield down 0.5 basis points to 10.105%.<\/p>\n

<\/h6>\n
Source: Sfundo Parakozov | Reuters<\/em><\/h6>\n","protected":false},"excerpt":{"rendered":"

The South African rand edged up in early trade on Wednesday ahead of the release…<\/p>\n","protected":false},"author":2,"featured_media":870,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[],"class_list":["post-869","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock-market"],"featured_image_urls":{"full":["https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/06\/South-Africa.webp-WEBP-Image-900-\u00d7-600-pixels.png",900,600,false],"thumbnail":["https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/06\/South-Africa.webp-WEBP-Image-900-\u00d7-600-pixels-150x150.png",150,150,true],"medium":["https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/06\/South-Africa.webp-WEBP-Image-900-\u00d7-600-pixels-300x200.png",300,200,true],"medium_large":["https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/06\/South-Africa.webp-WEBP-Image-900-\u00d7-600-pixels-768x512.png",640,427,true],"large":["https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/06\/South-Africa.webp-WEBP-Image-900-\u00d7-600-pixels.png",640,427,false],"1536x1536":["https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/06\/South-Africa.webp-WEBP-Image-900-\u00d7-600-pixels.png",900,600,false],"2048x2048":["https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/06\/South-Africa.webp-WEBP-Image-900-\u00d7-600-pixels.png",900,600,false],"wpucv-grid-three":["https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/06\/South-Africa.webp-WEBP-Image-900-\u00d7-600-pixels.png",360,240,false],"wpucv-grid-two":["https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/06\/South-Africa.webp-WEBP-Image-900-\u00d7-600-pixels.png",600,400,false],"wpucv-grid-one":["https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/06\/South-Africa.webp-WEBP-Image-900-\u00d7-600-pixels.png",800,533,false],"wpucv-classic":["https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/06\/South-Africa.webp-WEBP-Image-900-\u00d7-600-pixels.png",255,170,false],"wpucv-classic-small":["https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/06\/South-Africa.webp-WEBP-Image-900-\u00d7-600-pixels.png",150,100,false],"wpucv-galary":["https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/06\/South-Africa.webp-WEBP-Image-900-\u00d7-600-pixels.png",400,267,false],"covernews-slider-full":["https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/06\/South-Africa.webp-WEBP-Image-900-\u00d7-600-pixels.png",900,600,false],"covernews-slider-center":["https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/06\/South-Africa.webp-WEBP-Image-900-\u00d7-600-pixels-800x500.png",800,500,true],"covernews-featured":["https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/06\/South-Africa.webp-WEBP-Image-900-\u00d7-600-pixels.png",900,600,false],"covernews-medium":["https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/06\/South-Africa.webp-WEBP-Image-900-\u00d7-600-pixels-540x340.png",540,340,true],"covernews-medium-square":["https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/06\/South-Africa.webp-WEBP-Image-900-\u00d7-600-pixels-400x250.png",400,250,true]},"author_info":{"info":["Saint 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