# Rand rallies on dollar selling - Moneyweb

> The rand rose more than 1% on Monday to R16.42 per dollar as the US dollar sold off on signs of cracks in the US recovery. Analysts linked the move to expectations that the Federal Reserve would signal lower-for-longer rates at its meeting that week. The rand had fallen to a one-week low of R16.80 the previous Friday after the South African Reserve Bank cut rates.

- Date: 2020-07-27 · published 2020-07-27T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/52405-rand-rallies-on-dollar-selling-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A weaker dollar and firmer emerging-market currencies have only indirect effects on feed commodity prices through dollar-denominated trade flows.

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-rallies-on-dollar-selling/

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