# South African rand hovers as markets U.S. inflation signals - Markets - Business Recorder

> The rand was flat on Thursday as investors weighed mixed signals from the Federal Reserve that pushed the dollar off two-month highs. South Africa's producer price inflation rose to 7.4% in May from 6.7% in April, following consumer inflation at a 30-month high.

- Date: 2021-06-24 · published 2021-06-24T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/46876-south-african-rand-hovers-as-markets-u-s-inflation-signals-markets-business
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Rising domestic inflation and a range-bound rand keep import costs for feed ingredients elevated for South African buyers, though the move is small and no grain-specific driver is involved.

## Read by commodity

- USDZAR: neutral

## Sources

- brecorder.com: https://www.brecorder.com/news/40102739

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