# South Africa's rand rallies as reflation fears ease, stocks inch up - Markets - Business Recorder

> The rand rose 1.23% to 14.90 per dollar on March 11, 2021, its firmest level since March, after weaker-than-expected U.S. inflation data halted the rise in Treasury yields. Easing fears of a taper tantrum and an ECB bond-buying increase also supported risk appetite.

- Date: 2021-03-11 · published 2021-03-11T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/48423-south-africa-s-rand-rallies-as-reflation-fears-ease-stocks-inch-up-markets
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Softer U.S. inflation reduces pressure on the dollar and lowers the local cost of dollar-priced feed imports into South Africa. The effect on global feed prices is minor.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40072702

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