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Economy

Rand recovers against weaker Dollar but risks remain

Date: Apr 11, 2025

The South African (SA) Rand gained ground against a weaker dollar on Friday, but analysts said it remained susceptible to twists in the global trade war and the risk that SA's coalition government might split.

At 14h30 CAT, the Rand was trading at 19.2025 against the Dollar, about 1.3% stronger than Thursday's closing level.

It has been highly volatile this week, falling to a record low against the dollar on Wednesday before staging a sharp relief rally after United States (US) President Donald Trump announced a 90-day pause in higher tariff rates on dozens of trading partners including SA.

China increased its tariffs on US imports to 125% on Friday, raising the stakes in a confrontation between the world's two largest economies that threatens to upend global supply chains.

The Dollar was last trading more than 0.7% weaker against a basket of currencies, helping currencies such as the Rand to recover.

Analysts said the Rand would also continue to move on news about the future of SA's generally business-friendly Government of National Unity.

--Reuters--