# South African rand edges up at start of data-filled week - Markets - Business Recorder

> The rand edged up to about 18.58 per dollar at the start of a week with heavy South African data releases. The dollar was slightly weaker against a basket of currencies. The rand had gained roughly 2% the previous week, mainly on offshore factors.

- Date: 2023-08-28 · published 2023-08-28T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/34884-south-african-rand-edges-up-at-start-of-data-filled-week-markets-business
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

The rand is largely following global dollar movements, so its near-term direction depends on US data and Fed expectations. The small move has limited direct effect on feed import costs.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40260214

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