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The rand strengthened to about R16.43 per dollar on Monday, near a one-month high, supported by a softer US dollar, stronger precious metals and lower oil prices. Analysts also cited reduced expectations of a December US rate hike as a factor supporting the currency.
A weaker dollar and lower imported oil costs can support the rand and ease South African inflation concerns. The currency move implies a lower USD/ZAR rate, while the article describes oil prices as softer.
iol.co.zaNicola MawsonNov 9, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
