# Relief over US inflation drives rand up the most since 2017

> Underlying US consumer inflation was unchanged in July after rising 1.3% in June, well below the 0.2% forecast by economists. The rand jumped as much as 2.9% against the dollar as traders cut bets on a 75 basis point Fed hike in September.

- Date: 2022-08-10 · published 2022-08-10T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/40333-relief-over-us-inflation-drives-rand-up-the-most-since-2017
- 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

A soft US inflation print weakens the dollar and reduces pressure on emerging-market currencies, lowering the local cost of imported feed inputs for South African buyers.

## Read by commodity

- DXY: bearish ▼
- USDZAR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-05-28 | [Pent-up demand, shortages fuel U.S. inflation \| Reuters](https://feedsoft.ai/events/47006-pent-up-demand-shortages-fuel-u-s-inflation-reuters.md) | -0.1% | +1.0% |
| DXY | 2024-09-28 | [Dollar drops after inflation data - Business & Finance - Business Recorder](https://feedsoft.ai/events/28510-dollar-drops-after-inflation-data-business-and-finance-business-recorder.md) | +0.9% | +3.1% |
| DXY | 2026-07-31 | [Euro recovers as Eurozone inflation stays firm](https://feedsoft.ai/events/7687-euro-recovers-as-eurozone-inflation-stays-firm.md) | -0.1% | -1.1% |
| DXY | 2022-11-10 | [EUR/USD Soars After Softer-Than-Expected U.S. Inflation Data \| Investing.com](https://feedsoft.ai/events/8196-eur-usd-soars-after-softer-than-expected-u-s-inflation-data-investing-com.md) | -1.6% | -2.8% |
| DXY | 2022-02-02 | [U.S. dollar falls after private jobs data; euro up as inflation heats up](https://feedsoft.ai/events/42903-u-s-dollar-falls-after-private-jobs-data-euro-up-as-inflation-heats-up.md) | -0.2% | +0.3% |

## Sources

- businessday.co.za: https://www.businessday.co.za/bd/markets/2022-08-10-relief-over-us-inflation-drives-rand-up-the-most-since-2017/

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