# South African rand cools after strong gains in data-filled week | CNBC Africa

> The rand softened early on Friday, trading at 17.50 per dollar, after gaining about 1.4% during a week that included rate cuts by the US Federal Reserve and the South African Reserve Bank. South Africa's inflation print for August also came in at 4.4%, the lowest since April 2021.

- Date: 2024-09-20 · published 2024-09-20T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/28621-south-african-rand-cools-after-strong-gains-in-data-filled-week-cnbc-africa
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Short-term profit-taking after a strong run can reverse currency gains, which would briefly raise the rand cost of dollar-priced feed imports.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- cnbcafrica.com: https://www.cnbcafrica.com/2024/south-african-rand-cools-after-strong-gains-in-data-filled-week

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