# South African Rand Remains Subdued

> The rand traded near 16.1 per dollar, its lowest since August 18, after Warsh's hawkish remarks and fresh US-Iran strikes lifted oil prices. South Africa's July inflation eased to 4.3%, and petrol and diesel prices are set for sharp hikes from September 2.

- Date: 2026-08-31 · published 2026-08-31T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/18183-south-african-rand-remains-subdued
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A weaker rand raises the local cost of imported fuel and fertilizer, and higher oil feeds through to freight and feed input costs. Rand weakness can also make South African feed imports more expensive in local currency.

## Read by commodity

- WTI: bullish ▲
- USDZAR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-03-31 | [South African rand set for more than 6% monthly drop against dollar \| Reuters](https://feedsoft.ai/events/20455-south-african-rand-set-for-more-than-6-monthly-drop-against-dollar-reuters.md) | +9.6% | -1.7% |
| WTI | 2021-02-19 | [South African Rand Near Cycle Highs with Vaccine Rollout Underway and Budget Looming](https://feedsoft.ai/events/48937-south-african-rand-near-cycle-highs-with-vaccine-rollout-underway-and-budget.md) | +5.0% | -0.8% |
| WTI | 2026-10-01 | [Rand weakens to three month low as stronger dollar and oil price weigh on South Africa](https://feedsoft.ai/events/17339-rand-weakens-to-three-month-low-as-stronger-dollar-and-oil-price-weigh-on-south.md) | -2.3% | +12.3% |
| WTI | 2026-09-08 | [Yen extends rally to new seven-month high; dollar subdued ahead of CPI \| Reuters](https://feedsoft.ai/events/17707-yen-extends-rally-to-new-seven-month-high-dollar-subdued-ahead-of-cpi-reuters.md) | +9.2% | +3.1% |
| WTI | 2020-08-24 | [Why the loonie's bond with oil remains strong \| Wealth Professional](https://feedsoft.ai/events/51860-why-the-loonie-s-bond-with-oil-remains-strong-wealth-professional.md) | +1.5% | -7.2% |

## Sources

- tradingeconomics.com: https://tradingeconomics.com/south-africa/currency/news/579620

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.