Rand breaks below R16/$ as Waller signals patience on US rates

Author: news24.comPublished on: September 3, 2026Country: South Africa

Business & Economy

Rand breaks below R16/$ as Waller signals patience on US rates

The South African rand fell below R16 to the US dollar, influenced by comments from Christopher Waller, a member of the US Federal Reserve Board. Waller indicated that the Fed might take a patient approach regarding interest rates, impacting currency markets. This situation highlights current economic tensions and the effects of Fed decisions on the South African currency.

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