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    Tuesday, May 19
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    ZARUSD – Rand Trades Sideways Ahead of Inflation

    Olu AnisereBy Updated:No Comments2 Mins Read
    ZARUSD - Rand Trades Sideways Ahead of Inflation

    ZARUSD – Rand Trades Sideways Ahead of Inflation

    The South African Rand (ZARUSD) traded in a range against Western currencies on Tuesday, ahead of the April inflation rate figure due for release.

    The local unit is trading rangebound this morning, quoted at R16.65 to the US dollar, R19.37 to the euro and R22.32 to the British pound.

    The yellow metal is little changed this morning as market participants continue to assess developments in the Middle East following reports that the United States has paused an attack on Iran.

    This morning, gold is trading at about $4 540/ounce, enjoying relative stability after Gulf leaders stepped up to negotiate Middle East peace talks.

    Oil prices are stable this morning, following last week’s strong rally. The United States’ military retreat fuelled optimism that negotiations between the United States and Iran could restart.

    This morning, Brent crude oil is trading at $109.81/barrel.

    On the economic calendar, Euro Area balance of trade figures is due out at 11:00, while South Africa will hold its 2033, 2038, and 2044 bond auctions at 11:30.

    The market also anticipates that the United States will release ADP employment change numbers, followed by pending home sales data. ZARUSD – Rand Trades Sideways Ahead of Inflation Why the Bond Market Suddenly Matters More than Nvidia

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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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