# UPDATE 1-South African rand jumps as dollar slips on U.S. producer prices | Kitco News

> The South African rand jumped about 1.9% against the dollar after US data showed producer prices unexpectedly fell in March. The drop fuelled expectations that the Federal Reserve is nearing the end of its rate-hiking cycle.

- Date: 2023-04-13 · published 2023-04-13T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/36688-update-1-south-african-rand-jumps-as-dollar-slips-on-u-s-producer-prices-kitco
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A softer dollar tends to lift dollar-priced commodities and emerging-market currencies. Signs that the Fed is nearing the end of its hiking cycle could ease pressure on dollar-denominated grain prices.

## Read by commodity

- DXY: bearish ▼
- USDZAR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-03-06 | [South African rand jumps as Trump tariff drive weighs on US dollar](https://feedsoft.ai/events/25858-south-african-rand-jumps-as-trump-tariff-drive-weighs-on-us-dollar.md) | -0.5% | -0.1% |
| DXY | 2024-08-23 | [South African rand jumps as Fed's Powell signals lower rates](https://feedsoft.ai/events/29087-south-african-rand-jumps-as-fed-s-powell-signals-lower-rates.md) | -0.1% | -0.8% |
| DXY | 2017-12-13 | [Gold jumps 1% as dollar slips on Fed rate outlook - The Business Times](https://feedsoft.ai/events/67390-gold-jumps-1-as-dollar-slips-on-fed-rate-outlook-the-business-times.md) | -0.4% | -1.8% |
| DXY | 2022-06-28 | [South African rand gains as dollar dips - Markets - Business Recorder](https://feedsoft.ai/events/41263-south-african-rand-gains-as-dollar-dips-markets-business-recorder.md) | +2.0% | +2.2% |
| DXY | 2025-12-31 | [South African rand ends 2025 on high note, gains nearly 13% on the dollar \| Reuters](https://feedsoft.ai/events/21773-south-african-rand-ends-2025-on-high-note-gains-nearly-13-on-the-dollar-reuters.md) | +0.3% | -1.7% |

## Sources

- kitco.com: https://www.kitco.com/news/off-the-wire/2023-04-13/update-1-south-african-rand-jumps-dollar-slips-us-producer-prices

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