# Rand records 1% growth as emerging markets strengthen - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

> The rand strengthened about 1% against the dollar to around R16.45, in step with other emerging-market currencies. Traders expected a slower pace of US rate hikes compared with South African Reserve Bank tightening, which supports foreign inflows.

- Date: 2022-07-29 · published 2022-07-29T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/40792-rand-records-1-growth-as-emerging-markets-strengthen-sabc-news-breaking-news
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A firmer rand lowers the local cost of dollar-priced feed imports, so it is modestly supportive for South African feed buyers.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- sabcnews.com: https://www.sabcnews.com/sabcnews/rand-records-1-growth-as-emerging-markets-strengthen/

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