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South African rand
Trends
- 1South African rand extends losses before economic data●South African rand extends losses before local economic releases
The South African rand weakened further ahead of a series of domestic economic releases, extending recent losses. Traders appear cautious ahead of the data, which could shape expectations for the country's monetary policy and economic outlook. Market watchers are monitoring whether the currency's slide continues once the figures are published.
- 2Police vow action after Wedela mass shooting in South Africa●Police issue stern warning to Wedela mass shooting perpetrators https://www. sabcnews.com/sabcnews/police-i ssue-stern-w
South African police have issued a stern warning to those responsible for a mass shooting in Wedela, a township on the West Rand of Gauteng. The pledge of a determined manhunt and prosecution comes as the community reels from the attack, which has drawn national attention to gun violence in the area.
- 3
The Central Bank of Lesotho has raised its key interest rate to 7.0%. The move follows regional monetary policy trends, as Lesotho's currency is pegged to the South African rand and the bank typically mirrors decisions by the South African Reserve Bank. The hike is aimed at containing inflationary pressure. Commenters are watching what it means for borrowing costs and consumer prices in the small mountain kingdom.