# South African rand firms ahead of Fed policy decision | CNBC Africa

> The rand strengthened early on July 31 to about 18.22 per dollar ahead of the Federal Reserve's policy decision, which was expected to leave rates unchanged. Markets were pricing a cut at the September meeting.

- Date: 2024-07-31 · published 2024-07-31T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/29574-south-african-rand-firms-ahead-of-fed-policy-decision-cnbc-africa
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A firmer rand ahead of Fed easing expectations lowers the rand cost of dollar-priced imports, which slightly eases the local cost of imported feed inputs.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- cnbcafrica.com: https://www.cnbcafrica.com/2024/south-african-rand-firms-ahead-of-fed-policy-decision

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