# South African rand recovers, focus on U.S. inflation | Reuters

> The rand firmed in afternoon trade as Eskom suspended its latest power cuts. Markets focused on US inflation data due later in the week, forecast to reach a four-decade high of 7.3%, which could raise bets on faster Fed rate hikes.

- Date: 2022-02-08 · published 2022-02-08T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/42981-south-african-rand-recovers-focus-on-u-s-inflation-reuters
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Expectations of faster US rate hikes strengthen the dollar against emerging-market currencies, which raises import costs for South African buyers. The Eskom easing supports the local economy.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/world/africa/south-african-rand-weaker-us-rate-hike-bets-boost-dollar-2022-02-08/

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