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South African rand hits near-record low against USD due to Trump's tariffs and local political instability.
The South African rand hit near-record lows against the US dollar due to global economic uncertainty caused by US President Donald Trump's tariffs and local political instability within South Africa's ruling coalition.
This depreciation affects consumer prices and interest rates, potentially leading to higher inflation and reduced consumer spending.
The currency's weakness is exacerbated by global risk aversion and political tensions.
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El rand sudafricano golpea casi récord bajo contra el USD debido a los aranceles de Trump y la inestabilidad política local.