# South Africa's rand at 22-month high on soft dollar as inflation fears ease - Markets - Business Recorder

> The rand reached its strongest level in 22 months, trading at 13.8550 per dollar, after Federal Reserve officials eased concerns about near-term rate hikes and the dollar softened. Bond yields also eased.

- Date: 2021-05-25 · published 2021-05-25T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/47376-south-africa-s-rand-at-22-month-high-on-soft-dollar-as-inflation-fears-ease
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Dollar weakness against the rand reduces the local cost of imported feed inputs, while lower US rate expectations support broader commodity demand.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40094987

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