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Economy

Rand gains as Dollar slumps on tariff uncertainty

Date: Apr 16, 2025

South Africa's (SA) Rand gained on Wednesday as the Dollar was shaken by market uncertainty around United States (US) tariffs and local investors awaited news on the future of the coalition government.

The Rand traded at 18.9425 against the US Dollar, about 0.4% stronger than its previous close.

The Dollar last traded about 0.7% weaker against a basket of currencies.

US President Donald Trump's tariffs have escalated tensions between the US and China, SA biggest trading partner, driving uncertainty and hurting the greenback over recent weeks.

--Reuters--