# South African rand dips on stronger dollar, stocks fall | Reuters

> The rand fell to a 12-month low on Wednesday, trading at 15.9175 per dollar, 0.5% weaker. The move followed a stronger dollar on expectations of Federal Reserve rate hikes and contagion from the struggling Turkish lira.

- Date: 2021-11-24 · published 2021-11-24T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/44343-south-african-rand-dips-on-stronger-dollar-stocks-fall-reuters
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Dollar strength and expected US tightening pull capital from higher-risk emerging markets, which weakens the rand and raises the local cost of dollar-priced feed imports.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/stocks/south-african-rand-pauses-eyes-still-dollar-turkey-2021-11-24/

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