# South African rand slips as dollar edges higher | Reuters

> The rand slipped on January 17 as the dollar edged higher on expectations of several US Federal Reserve rate hikes this year. The rand traded near 15.42 per dollar, about 0.3% weaker.

- Date: 2022-01-17 · published 2022-01-17T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/43438-south-african-rand-slips-as-dollar-edges-higher-reuters
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A weaker rand modestly raises the local cost of dollar-priced grain and feed imports for South African buyers.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/world/africa/south-african-rand-slips-dollar-finds-footing-2022-01-17/

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