# Rand trades below R17 to the dollar, ahead of Sarb decision

> The rand traded below R17 to the dollar, its strongest level since late August, after Fed minutes signalled support for slower rate hikes. Attention turned to the South African Reserve Bank's rate decision, following October inflation that came in higher than expected.

- Date: 2022-12-01 · published 2022-12-01T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/38975-rand-trades-below-r17-to-the-dollar-ahead-of-sarb-decision
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Expectations of slower Fed hikes weaken the dollar, lowering rand import costs, while a possible local rate hike could further support the rand.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/economy/rand-trades-below-r17-to-dollar-ahead-of-sarb-meet/

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