# South Africa's rand firms, focus on Fed meeting - Markets - Business Recorder

> The rand firmed slightly in early trade on Tuesday to 16.4275 per dollar, about 0.17% stronger than Monday's close. Traders focused on the Federal Reserve meeting, which was expected to keep a dovish stance. The IMF also approved $4.3 billion in emergency financing for South Africa.

- Date: 2020-07-28 · published 2020-07-28T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/52408-south-africa-s-rand-firms-focus-on-fed-meeting-markets-business-recorder
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

The move is routine currency trading ahead of a central bank meeting, with no direct effect on feed commodity markets.

## Sources

- brecorder.com: https://www.brecorder.com/news/40008317

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