# Rand little changed ahead of comments by Fed’s Powell - Moneyweb

> The rand was little changed at about R18.84 to the dollar in early trade on December 1, ahead of comments from Fed Chair Powell. Fed policymakers had signalled that rate hikes were likely over, though they left room for further tightening.

- Date: 2023-12-01 · published 2023-12-01T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/33011-rand-little-changed-ahead-of-comments-by-fed-s-powell-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Currency moves tied to Fed guidance shape emerging-market risk appetite and dollar-denominated commodity demand. This is routine currency commentary with no direct feed price impact.

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/markets/rand-little-changed-ahead-of-comments-by-feds-powell/

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