South Africa’s rand hovered near a nine-month low early on Monday against a buoyant dollar, amid an uncertain outlook for further interest rate cuts by the Federal Reserve. At 0721 GMT, the rand traded at 19.

South Africa's rand was unchanged after slumping to a nine-month low early on Monday against a buoyant dollar, amid an uncertain outlook for further interest rate cuts by the Federal Reserve. At 1505 GMT,

The South African rand has retreated against the US dollar this year as most emerging market currencies slip. The USD/ZAR pair rose to 19.227, its highest point since April 2024, up by almost 13% from its lowest point last year.