# South African rand gains against subdued dollar | CNBC Africa

> The rand gained about 0.4% to 14.2625 per dollar as the dollar sat near a one-month low. Treasury yields fell after the Federal Reserve said inflation spikes would be temporary. Analysts expected carry-trade demand and a continued commodity rally to support the currency.

- Date: 2021-04-19 · published 2021-04-19T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/47900-south-african-rand-gains-against-subdued-dollar-cnbc-africa
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A firmer rand on a weaker dollar lowers the local cost of imported feed ingredients. Expectations of a commodity rally add some support for feed-input prices.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- cnbcafrica.com: https://www.cnbcafrica.com/2021/south-african-rand-gains-against-subdued-dollar

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