South African rand gains on expectations of Fed rate cut

Not enough comparable past events yet for a historical read.

After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.

• Mar 20, 2019South Africa’s rand gains ahead of Fed decision - Moneyweb+0.4%
• Oct 11, 2024South African rand rises after U.S. data fuels Fed rate cut bets | CNBC Africa+0.7%
• Nov 28, 2025Dollar Finishes Lower and Gold Rallies on Fed Rate Cut Expectations-0.5%
• Feb 25, 2020U.S. dollar falls as expectations of a Fed rate cut rise | Financial Post-0.5%
• Jan 11, 2023Gold prices surge on expectations for slower Fed rate rises-1.0%