# South African rand gains as dollar dips - Markets - Business Recorder

> The South African rand gained against the dollar in early trade as the US dollar dipped on less aggressive Fed rate hike expectations. The dollar index fell to 103.94 and the rand traded at 15.8150 per dollar. The article's market tables show later-dated figures than its stated publication date.

- Date: 2022-06-28 · published 2022-06-28T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/41263-south-african-rand-gains-as-dollar-dips-markets-business-recorder
- 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 firmer rand lowers the local-currency cost of dollar-priced feed ingredients imported by South Africa, easing pressure on feed margins. The move is small and tied to rate expectations rather than a feed-specific shock.

## Read by commodity

- DXY: bearish ▼
- USDZAR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-05-27 | [South African rand firms as dollar sinks to a month low - Markets - Business Recorder](https://feedsoft.ai/events/41694-south-african-rand-firms-as-dollar-sinks-to-a-month-low-markets-business.md) | -0.5% | +1.2% |
| DXY | 2023-11-29 | [South African rand gains after dovish Fed talk, central bank data in sight - Markets - Business Recorder](https://feedsoft.ai/events/33450-south-african-rand-gains-after-dovish-fed-talk-central-bank-data-in-sight.md) | +1.0% | -0.9% |
| DXY | 2026-09-01 | [South African Rand Gains Below 16 Per Dollar, Cuts War Loss](https://feedsoft.ai/events/18188-south-african-rand-gains-below-16-per-dollar-cuts-war-loss.md) | -0.6% | +2.1% |
| DXY | 2021-04-16 | [Australia, NZ dollars set for strong weekly gains as US dollar sags - Markets - Business Recorder](https://feedsoft.ai/events/47856-australia-nz-dollars-set-for-strong-weekly-gains-as-us-dollar-sags-markets.md) | -0.3% | -0.9% |
| DXY | 2021-08-30 | [Dollar pinned as Powell plods toward tapering - Markets - Business Recorder](https://feedsoft.ai/events/45483-dollar-pinned-as-powell-plods-toward-tapering-markets-business-recorder.md) | -0.7% | +0.4% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40183008

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