# Rand bolstered by weaker dollar - Moneyweb

> The rand edged higher in early trade on Monday, supported by dollar weakness on bets that the Federal Reserve would slow its pace of rate hikes. Investors were also watching ANC debate over expanding the central bank's mandate.

- Date: 2022-08-01 · published 2022-08-01T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/40332-rand-bolstered-by-weaker-dollar-moneyweb
- 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

Dollar weakness eases the rand cost of imported feed inputs, but the move is small and driven by currency rather than physical supply.

## Read by commodity

- DXY: bearish ▼
- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/economy/rand-bolstered-by-weaker-dollar/

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