# USD/ZAR Forecast | Will USD/ZAR Go Up or Down?

> The rand has fallen over 10% against the US dollar in 2022, while the dollar index has risen more than 15% this year. The Fed's target rate has moved from near zero in March 2022 to 3.00%-3.25%, and the rand has been pressured by aggressive US tightening and risk-off trading. The article discusses whether USD/ZAR will keep rising or whether the hiking cycle is nearing an end.

- Date: 2022-11-01 · published 2022-11-01T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/39428-usd-zar-forecast-will-usd-zar-go-up-or-down
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Sustained rand weakness raises South African feed import costs, while an end to Fed tightening could ease that pressure. The analysis is a general currency outlook without a new supply or demand event.

## Read by commodity

- DXY: bullish ▲
- USDZAR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-11-22 | [EUR/USD Forecasts Downgraded On Euro-Zone Covid Stresses: Goldman Sachs](https://feedsoft.ai/events/44250-eur-usd-forecasts-downgraded-on-euro-zone-covid-stresses-goldman-sachs.md) | +1.2% | +0.7% |
| DXY | 2024-11-14 | [Rising dollar and rain forecasts weigh on US wheat](https://feedsoft.ai/events/27444-rising-dollar-and-rain-forecasts-weigh-on-us-wheat.md) | -0.1% | -0.0% |
| DXY | 2024-01-29 | [US dollar forecast: USD at the mercy of the Fed, BoE and NFP ahead \| IG SG](https://feedsoft.ai/events/32289-us-dollar-forecast-usd-at-the-mercy-of-the-fed-boe-and-nfp-ahead-ig-sg.md) | +0.2% | +0.4% |
| DXY | 2022-12-27 | [USD to AUD Forecast: Why The US Dollar Is Strengthening Against The Australian Dollar](https://feedsoft.ai/events/38485-usd-to-aud-forecast-why-the-us-dollar-is-strengthening-against-the-australian.md) | +0.1% | -2.5% |
| DXY | 2023-04-28 | [EUR/USD Rate Forecast: Near-term Peak is Close DNB Bank](https://feedsoft.ai/events/36618-eur-usd-rate-forecast-near-term-peak-is-close-dnb-bank.md) | -0.3% | +1.2% |

## Sources

- capital.com: https://capital.com/en-int/analysis/usd-to-zar-forecast-dollar-south-african-rand

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