{"id":964720,"date":"2024-07-08T05:22:41","date_gmt":"2024-07-08T05:22:41","guid":{"rendered":"http:\/\/localhost:8888\/dm-simulator-v2\/?p=964720"},"modified":"2024-07-08T05:22:41","modified_gmt":"2024-07-08T05:22:41","slug":"rand-strengthens-against-weaker-greenback","status":"publish","type":"post","link":"https:\/\/elections.sabc.co.za\/elections2024\/rand-strengthens-against-weaker-greenback\/","title":{"rendered":"Rand strengthens against a weaker greenback"},"content":{"rendered":"<p><a href=\"https:\/\/www.sabcnews.com\/sabcnews\/rand-strengthens-against-us-dollar\/\" target=\"_blank\" rel=\"noopener\">The rand strengthened<\/a> against a weaker greenback fuelled by expectations that the Federal Reserve will cut interest rates in September.<\/p>\n<p>The local currency is expected to closely follow the dollar as attention shifts away from government and Cabinet news headlines, according to analysts.<\/p>\n<p>The dollar lost steam against a basket of currencies after economic data indicated that job growth in the US slowed marginally in June while the unemployment rate increased.<\/p>\n<p>It is currently trading at R18.14 cents to the dollar.<\/p>\n<h4 class=\"style-scope ytd-watch-metadata\">Related video | Rand gains following new cabinet announcement:<\/h4>\n<p><iframe title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/Hy4hLr_-JNY?si=l3yKy8eUQMTRF8ov\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The rand strengthened against a weaker greenback.<\/p>\n","protected":false},"author":60,"featured_media":964721,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[78],"tags":[832],"class_list":["post-964720","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-the-rand"],"_links":{"self":[{"href":"https:\/\/elections.sabc.co.za\/elections2024\/wp-json\/wp\/v2\/posts\/964720","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/elections.sabc.co.za\/elections2024\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/elections.sabc.co.za\/elections2024\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/elections.sabc.co.za\/elections2024\/wp-json\/wp\/v2\/users\/60"}],"replies":[{"embeddable":true,"href":"https:\/\/elections.sabc.co.za\/elections2024\/wp-json\/wp\/v2\/comments?post=964720"}],"version-history":[{"count":0,"href":"https:\/\/elections.sabc.co.za\/elections2024\/wp-json\/wp\/v2\/posts\/964720\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/elections.sabc.co.za\/elections2024\/wp-json\/wp\/v2\/media\/964721"}],"wp:attachment":[{"href":"https:\/\/elections.sabc.co.za\/elections2024\/wp-json\/wp\/v2\/media?parent=964720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/elections.sabc.co.za\/elections2024\/wp-json\/wp\/v2\/categories?post=964720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/elections.sabc.co.za\/elections2024\/wp-json\/wp\/v2\/tags?post=964720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}