# South African rand dips as dollar hits three-week high after Fed minutes | CNBC Africa

> The rand fell on Thursday, extending the previous day's losses, as the dollar rose to a three-week high after Federal Reserve minutes signalled interest rates would stay higher for longer. Weak June South African retail sales also weighed on the currency.

- Date: 2022-08-19 · published 2022-08-19T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/40328-south-african-rand-dips-as-dollar-hits-three-week-high-after-fed-minutes-cnbc
- 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

Higher-for-longer US rates keep the dollar firm, which raises the rand cost of imported feed ingredients and supports the dollar-priced market for grains and oilseeds.

## Read by commodity

- DXY: bullish ▲
- USDZAR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-04-21 | [South African rand weaker as Fed rate bets support dollar \| CNBC Africa](https://feedsoft.ai/events/36686-south-african-rand-weaker-as-fed-rate-bets-support-dollar-cnbc-africa.md) | +0.3% | +0.8% |
| DXY | 2026-10-01 | [Rand weakens to three month low as stronger dollar and oil price weigh on South Africa](https://feedsoft.ai/events/17339-rand-weakens-to-three-month-low-as-stronger-dollar-and-oil-price-weigh-on-south.md) | +0.2% | +0.6% |
| DXY | 2025-09-26 | [South African rand edges down after better-than-expected U.S. data \| CNBC Africa](https://feedsoft.ai/events/23176-south-african-rand-edges-down-after-better-than-expected-u-s-data-cnbc-africa.md) | -0.1% | +0.3% |
| DXY | 2026-02-05 | [U.S. dollar hits two-week high, pound slumps after BoE holds rates](https://feedsoft.ai/events/20865-u-s-dollar-hits-two-week-high-pound-slumps-after-boe-holds-rates.md) | -0.7% | +1.1% |
| DXY | 2017-09-18 | [Dollar hits seven week high against the yen as Fed meeting on US interest rates eyed \| South China Morning Post](https://feedsoft.ai/events/69174-dollar-hits-seven-week-high-against-the-yen-as-fed-meeting-on-us-interest-rates.md) | +0.4% | +2.1% |

## Sources

- cnbcafrica.com: https://www.cnbcafrica.com/2022/south-african-rand-dips-as-dollar-hits-three-week-high-after-fed-minutes

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