# South Africa's rand firmer as U.S. Fed stance supports risk demand

> The rand firmed on Friday as global risk appetite was supported by signs that the US Federal Reserve would keep lending rates low despite rising inflation. The currency had hit a 16-month high earlier in the week and traded at 14.1350 per dollar.

- Date: 2021-05-14 · published 2021-05-14T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/47378-south-africa-s-rand-firmer-as-u-s-fed-stance-supports-risk-demand
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Rand strength tied to Fed policy and commodity prices lowers the local cost of dollar-denominated feed imports.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/world/africa/south-africas-rand-firmer-us-fed-stance-supports-risk-demand-2021-05-14/

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