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South African rand gains as worries ease of US involvement in Middle East - - REUTERS

JUNE 22, 2025

JOHANNESBURG, June 20 (Reuters) - The South African rand was up on Friday, as most emerging markets benefited from easing worries of an immediate U.S. involvement in the Iran-Israel conflict.

At 1436 GMT, the rand traded at 18.00 against the U.S. dollar , up 0.2% from Thursday's close.


The dollar edged up 0.1% against a basket of currencies, while crude oil prices dropped over 2% after President Donald Trump pushed back a decision on U.S. military involvement in the hostilities.

MARKET NEWS

June 22 Euro zone needs more ECB stimulus, policymaker Centeno tells paper - REUTERS June 22 Price of oil could spike after Iran’s parliament votes to close key shipping route ... (read more) June 22 Muslim countries to set up contact group to seek Israel-Iran de-escalation - REUTERS June 22 South African rand gains as worries ease of US involvement in Middle East - - REUTERS June 22 Investors on high alert as US-Iran tensions threaten market stability - GULF NEW June 22 Central Banks in Asia Are Becoming Wary of Currency Intervention - BLOOMBERG June 22 Canadians snapped up U.S. debt in April despite Trump’s tariffs, but the bond selloff... (read more) June 22 Drop in inflation rate yet to ease hardship for Nigerians June 22 Hunger worsens, hopes wane - THE SUN June 22 Oil to open higher as US strikes on Iran boost supply risk premium - REUTERS June 22 Bitcoin drops below $100,000 after US strikes Iran nuclear sites - BLOOMBERG June 21 Kenyan shilling flat Vs dollar - LSEG data - REUTERS June 21 Middle East tensions put investors on alert, weighing worst-case scenarios - REUTERS June 21 Gold prices should hit $4,000 as U.S. deficits may overshadow the Israel-Iran conflict, BofA says June 21 Putin says no need for OPEC+ to intervene in oil market due to Iran-Israel conflict - REUTERS June 21 Oil Prices Climb for Third Straight Week - OILPRICE.COM June 21 Gold poised for weekly loss as US delays decision on Middle East involvement - REUTERS June 21 Sterling set for weekly loss as Middle East conflict overshadows domestic data June 21 EU ministers back Bulgaria's euro adoption from 2026 - REUTERS June 21 World markets on oil watch as Middle East tensions flare - REUTERS June 21 Currency Traders Are Ditching Dollar for Euro on Option Bets - BLOOMBERG June 21 Bank of Mexico seen cutting key rate by 50 basis points next week - June 21 Oil prices rally boosts push for higher reserves, stable naira - THE NATION June 21 What Hike in Oil Prices Means for Nigeria - Analysts - DAILY TRUST June 21 CBN data shows Naira recovery as depreciation streak ends - P.M.NEWS June 21 How oil prices rally boosts CBN’s push for higher reserves, stable naira - THE SUN June 21 Why Ghana Cedi is Africa’s best performing currency in 2025 June 21 Naira ends week with gains despite slowing FX reserves - BUSINESSDAY June 20 FMCGs trim losses but naira plunge still weighs - BUSINESSDAY June 20 Dollar softer vs. pound, euro with Middle East conflict in focus - REUTERS

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