# Why the rand is back above R19 to the dollar – BusinessTech - Stocks24

> The rand stayed above R19.00 to the dollar as markets pushed back expectations for the first US rate cut to Q4 2024, with some analysts seeing a risk of no cut this year. Investec noted that the rand historically strengthens during US rate-cut cycles, while Middle East tensions and local election uncertainty added pressure.

- Date: 2024-04-22 · published 2024-04-22T12:00:00.000Z
- Category: macro · region South Africa · magnitude medium
- Page: https://feedsoft.ai/events/31037-why-the-rand-is-back-above-r19-to-the-dollar-businesstech-stocks24
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A weaker rand raises the rand cost of dollar-priced imports, including soymeal, corn and fertiliser, and can support local-currency feed prices if the currency stays weak.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- stocks24.co.za: https://stocks24.co.za/2024/04/22/why-the-rand-is-back-above-r19-to-the-dollar-businesstech/

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