# Rand dips as dollar lifted by Fed minutes - Moneyweb

> The rand dipped early Thursday as the dollar was supported by Federal Reserve minutes that were less dovish than some traders had expected. South African bonds were flat. Power cuts by the utility Eskom highlighted growth obstacles, though local markets largely shrugged them off.

- Date: 2020-08-20 · published 2020-08-20T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/51909-rand-dips-as-dollar-lifted-by-fed-minutes-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Hawkish Fed signals can strengthen the dollar and raise local import costs for emerging-market feed buyers. The rand move alone has little effect on global feed prices.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/markets/rand-dips-as-dollar-lifted-by-fed-minutes/

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