# South African rand weaker before local, US inflation data - Markets - Business Recorder

> The rand weakened early on 11 December ahead of South African and US inflation readings, trading at 17.85 per dollar. Markets were watching US November CPI for clues on whether the Fed would cut rates the following week. South African inflation was expected to rise to 3.1% in November from 2.8%.

- Date: 2024-12-11 · published 2024-12-11T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/27257-south-african-rand-weaker-before-local-us-inflation-data-markets-business
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Inflation data that shifts Fed rate expectations moves the dollar, which affects dollar-priced grain and feed import costs. The rand move itself has little direct feed-market impact.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40337039

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