# South African rand steady after producer inflation, trade data | Reuters

> South Africa's rand was broadly steady at about 17.67 per dollar after producer inflation fell to 1.0% year on year in September and a trade surplus of 12.84 billion rand was reported. The move followed the finance minister's mid-term budget, which showed wider deficits and higher debt over the next three years.

- Date: 2024-10-31 · published 2024-10-31T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/28150-south-african-rand-steady-after-producer-inflation-trade-data-reuters
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Wider fiscal deficits and higher debt weigh on the rand, which affects the cost of imported feed inputs priced in dollars for South African buyers. The market impact is modest and mainly currency-related.

## Read by commodity

- USDZAR: neutral

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/south-african-rand-slips-ahead-producer-inflation-trade-data-2024-10-31/

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