https://newsletter.en.creamermedia.com

South African rand stable ahead of US-China trade talks

Rand Currency

Photo by Reuters

9th June 2025

By: Reuters

  

Font size: - +

The South African rand was steady in early trade on Monday, as markets awaited pivotal US-China trade talks set to take place later in the day that could ease tensions between the two nations.

At 0621 GMT the rand traded at 17.7450 against the dollar, near Friday's closing level.

Three top aides of US President Donald Trump will meet with their Chinese counterparts in London later in the day to discuss the trade dispute between the two countries, a standoff that has kept global markets on edge.

Like other risk-sensitive currencies, the rand often takes cues from global drivers like US policy and economic data in addition to local factors.

Domestic investors this week will look to manufacturing and mining data to gauge the health of Africa's most industrialised economy.

Attention remains on the country's long-delayed budget after Finance Minister Enoch Godongwana, in his third attempt at passing it, made only minor adjustments to spending plans and deficit projections.

On Wednesday the National Assembly is expected to debate the revised fiscal framework adopted by a key parliamentary committee last week.

South Africa's benchmark 2035 government bond was also flat in early deals, with the yield at 10.075%.

Edited by Reuters

Comments

Showroom

Multotec
Multotec

Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...

VISIT SHOWROOM 
Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 06 June 2025
Magazine round up | 06 June 2025
6th June 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.149 0.237s - 187pq - 2rq
Subscribe Now