# Rand on the rampage as dollar gets slammed

> The rand traded near 15.71 per dollar on January 29, its strongest level since mid-2022, as investors moved away from the greenback amid policy uncertainty in the US. Analysts said the rand could drift toward 14 per dollar over the coming months, and gold was above $5,500 per ounce.

- Date: 2026-01-29 · published 2026-01-29T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/21339-rand-on-the-rampage-as-dollar-gets-slammed
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Continued dollar weakness and a firmer rand would lower South African import costs and reflect a broader risk-on flow that can support precious and dollar-priced commodities, with limited direct effect on feed grains.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- iol.co.za: https://iol.co.za/business/economy/2026-01-29-rand-on-the-rampage-as-dollar-gets-slammed/

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