# Rand weakens as investors brace for US inflation data - Moneyweb

> The rand weakened about 1.23% against a strong dollar on Wednesday, with the rand trading at 18.3053 per dollar. Traders were bracing for US consumer price data forecast at 8.1% year on year for September, which was expected to support further Federal Reserve rate hikes. ETM Analytics said the rand remains vulnerable in the near term.

- Date: 2022-10-12 · published 2022-10-12T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/39426-rand-weakens-as-investors-brace-for-us-inflation-data-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Expectations of more Fed tightening keep the dollar strong and weigh on emerging-market currencies, raising the local cost of dollar-priced feed inputs in South Africa. The effect is a currency-driven cost pressure rather than a change in grain supply.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/markets/rand-weakens-as-investors-brace-for-us-inflation-data/

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