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South African rand

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  1. 1
    South African rand extends losses before economic data●South African rand extends losses before local economic releases✉newsBusinessEconomy19 h ago

    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.

  2. 2
    Lesotho Central Bank Raises Rates to 7.0%▼Lesotho Central Bank Rises Rates to 7.0%✉newsBusinessBanking16 h ago

    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.