# ZAR: Continuous improvement – Commerzbank — Octa

> The rand hit a one-year intraday high on Thursday, pushing USD/ZAR below 17.7 before giving back some gains. Commerzbank said better-than-expected July producer prices, which fell to 4.2% annualized, support possible SARB rate cuts as early as September.

- Date: 2024-08-30 · published 2024-08-30T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/29089-zar-continuous-improvement-commerzbank-octa
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Disinflation and reduced power cuts are lowering South Africa's risk premium, supporting the rand and cheaper dollar-priced imports for feed buyers.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/1115012/

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