# South African rand gains before data-heavy end to the week | CNBC Africa

> The South African rand gained 0.4% to 18.51 per dollar on Tuesday ahead of a week of local and US data releases. Analysts said no local driver stood out, and the move followed lower US Treasury yields from the previous week's highs. Local bond yields rose slightly.

- Date: 2023-08-29 · published 2023-08-29T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/34880-south-african-rand-gains-before-data-heavy-end-to-the-week-cnbc-africa
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

The rand is tracking global dollar and US yield moves rather than local factors, so its direction mainly reflects Fed expectations. For feed buyers, currency swings affect South African import costs only indirectly.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- cnbcafrica.com: https://www.cnbcafrica.com/2023/south-african-rand-gains-before-data-heavy-end-to-the-week

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