# South African rand flat; focus on central banks in big economies this week | CNBC Africa

> The rand was little changed at 17.985 per dollar in early trade on July 24, with the market awaiting Fed and ECB decisions later that week. Rand Merchant Bank said the currency should trade weaker given the dollar's gains and emerging-market weakness the prior week. The 2030 government bond yield was 10.335%.

- Date: 2023-07-24 · published 2023-07-24T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/35349-south-african-rand-flat-focus-on-central-banks-in-big-economies-this-week-cnbc
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Currency moves are driven by the coming central bank decisions, so a hawkish Fed could push the rand weaker and raise the local cost of dollar-priced feed imports.

## Read by commodity

- USDZAR: neutral

## Sources

- cnbcafrica.com: https://www.cnbcafrica.com/2023/south-african-rand-flat-focus-on-central-banks-in-big-economies-this-week

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