https://newsletter.po.creamermedia.com
Deepening Democracy through Access to Information
Home / News / South African News RSS ← Back
Africa|Business
Africa|Business
africa|business
Close

Email this article

separate emails by commas, maximum limit of 4 addresses

Sponsored by

Close

Article Enquiry

South African rand softer as investors eye inflation expectations survey


Close

Embed Video

South African rand softer as investors eye inflation expectations survey

rand currency
Photo by Reuters

2nd July 2025

By: Reuters

SAVE THIS ARTICLE      EMAIL THIS ARTICLE

Font size: -+

The South African rand weakened against a stronger dollar in early trade on Wednesday, ahead of the release of a domestic inflation expectations survey, while US jobs data and trade negotiations remained in focus.

At 0630 GMT the rand traded at 17.6250 against the dollar, about 0.2% weaker than Tuesday's close.

Advertisement

South Africa's Bureau for Economic Research will release its second-quarter inflation expectations survey around 0800 GMT, showing how analysts, business people and trade union officials expect inflation to develop over the next three years.

Inflation expectations are an important data point for the central bank when it takes interest rate decisions. Its next decision is due to be announced later this month.

Advertisement

The dollar last traded about 0.2% stronger against a basket of currencies as investors awaited US ADP employment data, due later in the day, and nonfarm payroll figures on Thursday for further insights into labour market conditions.

Meanwhile, with the July 9 tariff day creeping closer, countries including South Africa are scrambling to agree trade deals with the US

Trump imposed a 31% tax on US imports from South Africa in April as part of his global "reciprocal" tariffs.

The Southern African country has asked for more time to negotiate a trade deal before the deadline.

South Africa's benchmark 2035 government bond was marginally stronger in early deals, as the yield fell 1.5 basis points to 9.84%.

EMAIL THIS ARTICLE      SAVE THIS ARTICLE

To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here

Comment Guidelines

About

Polity.org.za is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Mining Weekly
Research Channel Africa

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Polity.org.za is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options

Email Registration Success

Thank you, you have successfully subscribed to one or more of Creamer Media’s email newsletters. You should start receiving the email newsletters in due course.

Our email newsletters may land in your junk or spam folder. To prevent this, kindly add newsletters@creamermedia.co.za to your address book or safe sender list. If you experience any issues with the receipt of our email newsletters, please email subscriptions@creamermedia.co.za