# Rand little changed after Tuesday tumble; hawkish Fed poses threat - Moneyweb

> The rand was little changed in early trade on Wednesday after losing up to 1.4% the previous day on soaring US Treasury yields. Rand Merchant Bank said the currency's losses reflected dollar gains and continued hawkish Fed talk.

- Date: 2023-09-27 · published 2023-09-27T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/34405-rand-little-changed-after-tuesday-tumble-hawkish-fed-poses-threat-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Currency moves of this size have a limited direct effect on global feed prices, but they raise the local cost of imported feed for South African buyers.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/markets/rand-little-changed-after-tuesday-tumble-hawkish-fed-poses-threat/

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