# South African rand firms against U.S. dollar, focus on rate decision

> The South African rand firmed against the dollar at 18.91 on Monday, about 0.4% stronger than its prior close. Traders were awaiting the South African Reserve Bank's rate decision on Wednesday, after inflation rose to 5.6% in February.

- Date: 2024-03-25 · published 2024-03-25T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/31503-south-african-rand-firms-against-u-s-dollar-focus-on-rate-decision
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A firmer rand lowers the local-currency cost of imported feed inputs such as soymeal and corn. Expectations of a hold keep the currency's near-term direction tied to the dollar.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- cnbc.com: https://www.cnbc.com/2024/03/25/intervention-threat-curbs-dollars-ascent-towards-new-high-on-the-yen.html

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