# South African rand gains, focus on US inflation data | CNBC Africa

> The rand gained in early trade on July 26, trading about 0.6% stronger at 18.26 per dollar. Markets focused on the US PCE inflation reading, a key gauge for the timing of Fed rate cuts.

- Date: 2024-07-26 · published 2024-07-26T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/29575-south-african-rand-gains-focus-on-us-inflation-data-cnbc-africa
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Expectations of earlier US rate cuts weaken the dollar and support emerging-market currencies, which lowers the rand cost of dollar-denominated feed imports.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- cnbcafrica.com: https://www.cnbcafrica.com/2024/south-african-rand-gains-focus-on-us-inflation-data

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