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Rand remains steady below R18 as dollar weakens due to US trade tensions
The Star
|May 27, 2025
THE South African rand maintained its position below R18 against the US dollar on Monday, buoyed by a weakening greenback as investors reacted to US President Donald Trump’s renewed focus on trade tensions with Europe.
The rand traded at R17.82 to the dollar in morning sessions, benefiting from a broader decline in the US currency, which softened after Trump threatened Europe with 50% tariffs and criticised the region on social media.
By 4.30pm the rand was at R17.87 to the dollar, 0.2% up.
“The dollar’s weakness stems from investors shifting away from U.S. assets amid heightened trade rhetoric,” said Bianca Botes, a director at Citadel Global. The rand, however, remained stable against other major currencies, trading at R24.11 to the pound and R20.32 to the euro.
This story is from the May 27, 2025 edition of The Star.
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