South African rand stable as markets await US interest rate hints
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The South African rand was little changed in early trade on Tuesday, trading at 18.1300 against the dollar. Markets are awaiting Federal Reserve Chair Jerome Powell's testimony in Washington and U.S. June inflation data for clues on the country's future interest rate path. Analysts are already pricing in two rate cuts this year in response to softer U.S. economic and labor data. South Africa's benchmark 2030 government bond was slightly stronger in early deals, with the yield down 1 basis point at 9.74%.

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https://www.cnbcafrica.com/2024/south-african-rand-stable-as-markets-await-us-interest-rate-hints/ 

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