# Where will the rand go?

> The rand has recovered strongly since May, when it hit R19.75 per dollar after new US tariffs on South African goods. Economists attribute the rebound largely to dollar weakness on expectations of Fed rate cuts rather than rand strength alone.

- Date: 2025-11-01 · published 2025-11-01T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/22702-where-will-the-rand-go
- 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

Currency movements driven by dollar weakness shape the import cost of feed and fertiliser for South African buyers, though the rand has weakened against the euro.

## Read by commodity

- DXY: neutral
- USDZAR: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-09-08 | [ECB will struggle to rein in the euro, say investors](https://feedsoft.ai/events/51334-ecb-will-struggle-to-rein-in-the-euro-say-investors.md) | -0.3% | +0.1% |
| DXY | 2022-07-22 | [Will the dollar surge in the second half of 2022? - OMFIF](https://feedsoft.ai/events/40690-will-the-dollar-surge-in-the-second-half-of-2022-omfif.md) | -0.6% | -0.4% |
| DXY | 2017-03-15 | [Will A Fed Rate Hike Boost The Price Of Oil? \| Investing.com](https://feedsoft.ai/events/71924-will-a-fed-rate-hike-boost-the-price-of-oil-investing-com.md) | -1.5% | -1.3% |
| DXY | 2023-08-28 | [Where the currents of currencies flow \| StashAway Malaysia](https://feedsoft.ai/events/34852-where-the-currents-of-currencies-flow-stashaway-malaysia.md) | +0.2% | +1.3% |
| DXY | 2017-09-25 | [It's risky to go long on the dollar \| The National](https://feedsoft.ai/events/69151-it-s-risky-to-go-long-on-the-dollar-the-national.md) | +1.2% | +2.3% |

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/economy/where-will-the-rand-go/

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