# South Africa’s rand shines ahead of factory data as dollar dips | CNBC Africa

> The South African rand rose 0.9% against a softer dollar ahead of local manufacturing output data. Investors were also watching the dollar's move ahead of the US consumer price index release.

- Date: 2023-04-11 · published 2023-04-11T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/36691-south-africa-s-rand-shines-ahead-of-factory-data-as-dollar-dips-cnbc-africa
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A softer dollar ahead of key US inflation data reflects shifting Fed expectations that can influence dollar-priced commodities. The direct impact on feed markets is small.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- cnbcafrica.com: https://www.cnbcafrica.com/2023/south-africas-rand-shines-ahead-of-factory-data-as-dollar-dips

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