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South African rand eases on firmer dollar ahead of leading indicator

APRIL 28, 2026

JOHANNESBURG, April 28 (Reuters) – The South African rand weakened in early trade on Tuesday, pressured by a firm U.S. dollar before the release of central bank data that will shed light on the economic outlook.

At 0647 GMT, the rand traded at 16.6225 against the dollar, down around 0.4% from its previous close.

The currency has been under pressure as elevated oil prices kept inflation concerns high.

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