# South African rand steady after US jobs data

> The rand was steady on 6 December after US nonfarm payrolls rose by 227,000 in November, a figure that increased bets on a Federal Reserve rate cut. The rand traded at about 18.01 per dollar. Markets priced a nearly 90% chance of a 25-basis-point cut at the 18 December meeting.

- Date: 2024-12-06 · published 2024-12-06T12:00:00.000Z
- Category: report · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/27253-south-african-rand-steady-after-us-jobs-data
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

US jobs data that increases rate-cut expectations tends to weaken the dollar, which supports emerging-market currencies and dollar-priced commodities. The effect on rand-linked feed costs is modest.

## Read by commodity

- USDZAR: neutral

## Sources

- reuters.com: https://www.reuters.com/world/africa/south-african-rand-steady-after-us-jobs-data-2024-12-06/

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