# South African rand weakens as CPI data, rate decision awaited

> The rand weakened to 18.39 against the dollar on Monday as investors awaited South African inflation figures and the central bank's rate decision later in the week. The dollar was not the main driver in the session.

- Date: 2023-11-20 · published 2023-11-20T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/33455-south-african-rand-weakens-as-cpi-data-rate-decision-awaited
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Pre-data positioning in the rand has little effect on feed import costs or global grain prices.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/south-african-rand-climbs-with-cpi-rate-decision-due-this-week-2023-11-20/

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