South African rand weakens as Middle East conflict weighs on sentiment
Published on March 17, 2026.
The South African rand has weakened due to ongoing conflict in the Middle East, with the U.S. embassy in Iraq being hit by a drone attack. The rand traded at 16.77 against the dollar, which is around 0.6% weaker than its previous close. This comes as investors await the Federal Reserve's two-day policy meeting.
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