# Rand back above R19 to US dollar - Moneyweb

> The rand fell about 1% to R19.01 per dollar on June 30 as a stronger greenback followed Federal Reserve Chair Jerome Powell's comments hinting at more rate hikes. The rand had still gained more than 4% against the dollar since the start of June. Monthly budget and trade balance data were due later that day.

- Date: 2023-06-30 · published 2023-06-30T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/35796-rand-back-above-r19-to-us-dollar-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A weaker rand makes dollar-priced feed imports more expensive for South African buyers. The move is a short-term pullback after a strong June rally.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/markets/rand-flat-on-friday-2/

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