# Rand rallies on lower-than-expected US inflation - Moneyweb

> The rand rallied on Thursday after US consumer prices rose 7.7% year on year in October, below expectations. The dollar index fell more than 1.6%, and the JSE All-Share index closed 1.5% higher.

- Date: 2022-11-10 · published 2022-11-10T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/38971-rand-rallies-on-lower-than-expected-us-inflation-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Softer US inflation raises hopes of slower Fed tightening, which weakens the dollar and lowers the rand cost of dollar-priced grain and oilseed imports.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/economy/rand-rallies-on-lower-than-expected-us-inflation/

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