# South Africa's rand falls as investors await Fed meeting - FurtherAfrica

> The rand edged lower early on December 14 at 16.05 per dollar, 0.23% weaker, as investors awaited the outcome of the US Federal Reserve meeting. South African bond yields also rose slightly. Local CPI and other data were due later that week.

- Date: 2021-12-14 · published 2021-12-14T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/43905-south-africa-s-rand-falls-as-investors-await-fed-meeting-furtherafrica
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Expectations of faster Fed tightening strengthen the dollar and pressure emerging-market currencies such as the rand, raising dollar-denominated import costs. The move is small and mainly reflects positioning ahead of events.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- furtherafrica.com: https://furtherafrica.com/2021/12/14/south-africas-rand-falls-as-investors-await-fed-meeting/

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