南非兰特兑美元汇率接近18.4，为8月初以来的最低水平，因为美联储对利率的鹰派展望加强了美元，给南非等新兴经济体带来了压力。高于预期的利率前景使风险较高的新兴市场投资不那么有吸引力，而美元的强势在一定程度上受到特朗普政策的支持，可能会抑制资本流入并威胁经济稳定。在国内，南非的积极通胀趋势表明，2025年可能会降息，尽管南非储备银行不太可能一次降息超过25个基点。11月消费者价格通胀率从10月的2.8%升至2.9%，仍远低于央行4.5%的中点目标。与此同时，南非经济在第三季度收缩了0.3%，使其有望实现今年的增长目标，总统西里尔·拉马福萨的民族团结政府计划的延误也产生了影响。
The South African rand traded near 18.4 per USD, its weakest level since early August, as the US Federal Reserve's hawkish outlook on interest rates strengthened the dollar, adding pressure on emerging economies like South Africa. The prospect of higher-than-expected rates makes riskier emerging market investments less attractive, while the dollar's strength, partly supported by Trump’s policies, could curb capital inflows and threaten economic stability. Domestically, positive inflation trends in South Africa point to potential interest rate cuts in 2025, although the SARB is unlikely to reduce rates by more than 25 basis points at a time. Consumer price inflation rose to 2.9% in November from 2.8% in October, still well below the central bank's midpoint target of 4.5%. Meanwhile, South Africa’s economy contracted by 0.3% in Q3, putting it on track to miss growth targets for the year, with delays in President Cyril Ramaphosa’s government of national unity plans also weighing.
