# Rand dips before producer price data - Moneyweb

> The rand was slightly weaker ahead of South Africa's July producer price index release, which was forecast to rise 1.7%. The currency had already slipped after June's consumer price data, which left room for further central bank rate cuts. Government bond yields were marginally higher.

- Date: 2020-08-27 · published 2020-08-27T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/51907-rand-dips-before-producer-price-data-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Routine rand moves ahead of inflation data have little direct effect on feed prices. Any rate-cut expectations could weigh on the rand and raise import costs slightly.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/markets/rand-dips-before-producer-price-data/

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