# Rand gets a further boost on Fed's dovish stance | News24

> The rand strengthened after the US Federal Reserve kept rates near zero and signalled no rate hikes until at least 2023. The rand broke below R16.25 per dollar as the dollar index fell.

- Date: 2020-09-16 · published 2020-09-16T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/51398-rand-gets-a-further-boost-on-fed-s-dovish-stance-news24
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A weaker dollar on Fed stimulus commitments lowers the local cost of dollar-priced feed imports in emerging markets, though the effect on commodity prices is modest.

## Read by commodity

- DXY: bearish ▼
- USDZAR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-08-26 | [AUD/USD surges with dovish Fed and hawkish RBA stance on inflation \| IG International](https://feedsoft.ai/events/29061-aud-usd-surges-with-dovish-fed-and-hawkish-rba-stance-on-inflation-ig.md) | +0.7% | -0.0% |
| DXY | 2019-06-20 | [Market Comment \| Bond yields decline after the Fed dovish stance \| BBVA Research](https://feedsoft.ai/events/7439-market-comment-bond-yields-decline-after-the-fed-dovish-stance-bbva-research.md) | -1.1% | -0.8% |
| DXY | 2025-06-26 | [Rand rallies to best level in 7 months as Trump’s Fed comment hits dollar \| News24](https://feedsoft.ai/events/24499-rand-rallies-to-best-level-in-7-months-as-trump-s-fed-comment-hits-dollar-news24.md) | -0.9% | -0.6% |
| DXY | 2021-07-29 | [Pound highest in over a month as dollar dips on dovish Fed \| Euronews](https://feedsoft.ai/events/46306-pound-highest-in-over-a-month-as-dollar-dips-on-dovish-fed-euronews.md) | -0.3% | +0.4% |
| DXY | 2023-11-30 | [US dollar falls on dovish remarks by Fed's Powell](https://feedsoft.ai/events/32901-us-dollar-falls-on-dovish-remarks-by-fed-s-powell.md) | +0.6% | -1.2% |

## Sources

- news24.com: https://www.news24.com/business/rand-gets-a-further-boost-on-feds-dovish-stance-20200916

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