# South African rand regains ground against dollar | Reuters

> The South African rand regained some lost ground against the US dollar on Friday, trading at 18.9350 and about 0.5% weaker than its prior close. The rand had weakened in preceding days on higher US Treasury yields and a spike in local inflation.

- Date: 2023-10-20 · published 2023-10-20T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/33916-south-african-rand-regains-ground-against-dollar-reuters
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Rand moves change the rand cost of imported dollar-priced feed ingredients, and rising local inflation adds pressure on feed buyers.

## Read by commodity

- USDZAR: neutral

## Sources

- reuters.com: https://www.reuters.com/world/africa/south-african-rand-weaker-against-dollar-2023-10-20/

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