# Rand hikes 80 cents against the dollar due to post-election markets | Investing.com ZA

> The South African rand weakened steadily in the week after the US election, moving from about R17.60 to over R18.40 per dollar at its low. The move was driven by a resurgent US dollar after higher-than-expected US inflation data, with local unemployment falling to 32.1%.

- Date: 2024-11-20 · published 2024-11-20T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/27715-rand-hikes-80-cents-against-the-dollar-due-to-post-election-markets-investing
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A weaker rand raises the local cost of imported feed ingredients and fuel. Continued dollar strength tied to US policy expectations could keep import costs elevated.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- za.investing.com: https://za.investing.com/analysis/rand-hikes-80-cents-against-the-dollar-due-to-postelection-markets-200610095

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