# South African rand slips ahead of domestic data releases | Reuters

> The rand weakened to 17.7925 per dollar, about 0.44% softer than its prior close, as the dollar index rose roughly 0.36%. Investors were awaiting July producer inflation and domestic economic data.

- Date: 2024-08-28 · published 2024-08-28T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/29086-south-african-rand-slips-ahead-of-domestic-data-releases-reuters
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Routine currency moves with limited direct effect on feed prices; the rand's level affects the local cost of imported feed ingredients.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/south-african-rand-slips-ahead-domestic-data-releases-2024-08-28/

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