# South African rand gains on bets Fed rate cut coming | Reuters

> The South African rand firmed about 0.7% against the dollar after subdued US jobs data raised bets that the Federal Reserve was done hiking and might start easing early next year. The dollar was little changed against a basket of currencies, and the rand traded near 18.84 per dollar.

- Date: 2023-12-06 · published 2023-12-06T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/33008-south-african-rand-gains-on-bets-fed-rate-cut-coming-reuters
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A stronger rand lowers the local-currency cost of imported feed inputs for South African buyers, while the Fed outlook drives broader emerging-market currency flows. The direct effect on feed commodity prices is small.

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/south-african-rand-gains-bets-fed-rate-cut-after-muted-us-jobs-data-2023-12-06/

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