# Rand rallies as dollar extends post-Fed losses; PPI falls sharply - Moneyweb

> The rand rallied on July 27 to R17.47 per dollar as the dollar extended its post-Fed losses. The Fed had raised rates a quarter point as expected, but traders read Powell's comments as the end of tightening. South African producer inflation also slowed sharply in June to 4.8% from 7.3%.

- Date: 2023-07-27 · published 2023-07-27T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/35344-rand-rallies-as-dollar-extends-post-fed-losses-ppi-falls-sharply-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A firmer rand and easing inflation lower the dollar cost of imported feed inputs for South African buyers, while a weaker dollar supports dollar-priced commodities.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/markets/rand-steady-after-fed/

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