# South African rand firms, inflation print next week | CNBC Africa

> The rand firmed to about 17.60 per dollar in early trade, paring losses from the previous day. The move followed comments from the central bank governor on lowering the inflation target and ahead of September inflation data.

- Date: 2024-10-18 · published 2024-10-18T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/28157-south-african-rand-firms-inflation-print-next-week-cnbc-africa
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Rand strength lowers the local cost of imported feed inputs priced in dollars. The move is driven by currency and monetary factors rather than feed supply.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- cnbcafrica.com: https://www.cnbcafrica.com/2024/south-african-rand-firms-inflation-print-next-week

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