# Rand Gives Back Gains After Fed Signals Higher Rates - Finimize

> The rand slid to 16.1225 per dollar in early Monday trade, giving back last week's rally to around 15.90. The move followed a hawkish tone from the Fed at Jackson Hole, with traders raising expectations of another US rate hike, while gold and platinum prices fell.

- Date: 2026-08-31 · published 2026-08-31T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/18184-rand-gives-back-gains-after-fed-signals-higher-rates-finimize
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher US rate expectations lift the dollar, which weighs on dollar-priced metals and raises the cost of imported energy for South Africa. The resulting wider external funding gap pressures the currency.

## Read by commodity

- DXY: bullish ▲
- USDZAR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-06-13 | [Gold erases gains after Fed hikes interest rates](https://feedsoft.ai/events/64440-gold-erases-gains-after-fed-hikes-interest-rates.md) | +1.3% | +0.6% |
| DXY | 2016-12-15 | [Dollar charges higher after Fed hikes rates](https://feedsoft.ai/events/6465-dollar-charges-higher-after-fed-hikes-rates.md) | +1.6% | +1.1% |
| DXY | 2017-01-19 | [Stocks, currencies fall after Fed's Yellen signals rate hikes](https://feedsoft.ai/events/11875-stocks-currencies-fall-after-fed-s-yellen-signals-rate-hikes.md) | -0.4% | -1.5% |
| DXY | 2017-09-20 | [Fed signals interest rates will keep going higher as it exits financial crisis policy](https://feedsoft.ai/events/69149-fed-signals-interest-rates-will-keep-going-higher-as-it-exits-financial-crisis.md) | +1.1% | +1.9% |
| DXY | 2025-07-30 | [Dollar gains against peers after Fed leaves rates unchanged](https://feedsoft.ai/events/23952-dollar-gains-against-peers-after-fed-leaves-rates-unchanged.md) | -0.0% | -0.4% |

## Sources

- finimize.com: https://finimize.com/content/rand-gives-back-gains-after-fed-signals-higher-rates

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