# Rand weakens as Fed outcome seen posing a big risk | Reuters

> The South African rand fell about 0.7% against the dollar to 17.675 on July 26, after earlier dropping almost 1%. Traders were pricing a 25-basis-point Fed hike that day and were split on whether a second hike would follow later in the year.

- Date: 2023-07-26 · published 2023-07-26T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/35343-rand-weakens-as-fed-outcome-seen-posing-a-big-risk-reuters
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A hawkish Fed could lift the dollar and pressure emerging-market currencies such as the rand, which raises the cost of dollar-priced feed imports for South African buyers.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/south-african-rand-dips-before-fed-meeting-that-could-leave-it-vulnerable-2023-07-26/

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