# South African Currency Rand Firms After In-line U.S. Inflation Data | Naija247news

> The rand firmed 0.11% to 15.945 per dollar on December 10 after US November consumer inflation, at 6.8%, matched economists' forecasts. This eased worries about an aggressive Federal Reserve taper. South African stock indexes were broadly flat, though the currency stayed weak on Omicron worries.

- Date: 2021-12-10 · published 2021-12-10T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/43908-south-african-currency-rand-firms-after-in-line-u-s-inflation-data-naija247news
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Inflation in line with expectations reduces the risk of abrupt dollar strength, which supports emerging-market currencies such as the rand. This slightly lowers the cost of dollar-priced feed imports for South African buyers.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- naija247news.com: https://naija247news.com/south-african-currency-rand-firms-after-in-line-u-s-inflation-data/

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