# Rand reverses dollar gains on the back of hawkish sentiment | Freight News

> The rand reversed some of the previous week's losses as the dollar gave back gains after Fed officials stressed that US inflation was likely transitory. The Bureau for Economic Research noted gold and platinum rose and Brent crude gained on falling US inventories ahead of an OPEC+ meeting.

- Date: 2021-06-28 · published 2021-06-28T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/46877-rand-reverses-dollar-gains-on-the-back-of-hawkish-sentiment-freight-news
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A softer dollar supports dollar-priced commodities and emerging market currencies, while the anticipated OPEC+ decision will shape energy costs that feed into freight and processing expenses.

## Read by commodity

- DXY: bearish ▼
- BRENT: bullish ▲
- USDZAR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-07-31 | [USD: Tide of sentiment has turned against the dollar – BBH — Octa](https://feedsoft.ai/events/70150-usd-tide-of-sentiment-has-turned-against-the-dollar-bbh-octa.md) | +0.3% | -0.5% |
| DXY | 2025-12-31 | [South African rand ends 2025 on high note, gains nearly 13% on the dollar \| Reuters](https://feedsoft.ai/events/21773-south-african-rand-ends-2025-on-high-note-gains-nearly-13-on-the-dollar-reuters.md) | +0.3% | -1.7% |
| DXY | 2018-07-30 | [Rand gains ground against the dollar](https://feedsoft.ai/events/64323-rand-gains-ground-against-the-dollar.md) | +0.2% | +0.7% |
| DXY | 2022-10-26 | [Dollar sells off on speculation of less hawkish Fed, euro regains parity \| Reuters](https://feedsoft.ai/events/39362-dollar-sells-off-on-speculation-of-less-hawkish-fed-euro-regains-parity-reuters.md) | +0.0% | -2.8% |
| DXY | 2026-02-26 | [Australian Dollar reclaims three-year high against US Dollar on hawkish RBA bets](https://feedsoft.ai/events/20852-australian-dollar-reclaims-three-year-high-against-us-dollar-on-hawkish-rba-bets.md) | +1.1% | +2.0% |
| BRENT | 2026-08-31 | [The Dollar Index falls through a war and a hawkish repricing](https://feedsoft.ai/events/18080-the-dollar-index-falls-through-a-war-and-a-hawkish-repricing.md) | +10.8% | +22.9% |
| BRENT | 2020-09-16 | [Global shares slip, dollar gains as Fed sticks to agenda of near-zero rates \| Reuters](https://feedsoft.ai/events/51031-global-shares-slip-dollar-gains-as-fed-sticks-to-agenda-of-near-zero-rates.md) | +3.1% | +4.6% |
| BRENT | 2026-09-28 | [Sterling rebounds against dollar, euro on bets for tighter BoE policy \| Financial News](https://feedsoft.ai/events/17737-sterling-rebounds-against-dollar-euro-on-bets-for-tighter-boe-policy-financial.md) | +6.5% | +1.3% |

## Sources

- freightnews.co.za: https://www.freightnews.co.za/article/rand-reverses-dollar-gains-on-the-back-of-hawkish-sentiment

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