# USD/ZAR Shakes Off Dovish SARB & Positive US GDP | Forex trading, free forex education | Forex.ca

> The South African Reserve Bank raised the repo rate 25 basis points to 7.25%, below the 50-basis-point hike markets expected. The rand held up despite the dovish-leaning decision, while the MPC warned that load shedding and power cuts are hurting growth and productivity. Eskom has also proposed another electricity tariff increase.

- Date: 2023-01-26 · published 2023-01-26T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/38090-usd-zar-shakes-off-dovish-sarb-and-positive-us-gdp-forex-trading-free-forex
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Rising energy costs feed into South African inflation and input costs for feed producers. The rand's exposure to power-driven growth risks keeps dollar-priced feed imports more expensive.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- forex.ca: https://www.forex.ca/usd-zar-shakes-off-dovish-sarb-positive-us-gdp/

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