# South African rand softens after rally as investors await data signals | CNBC Africa

> The rand weakened early on Wednesday to 16.4950 per dollar after a rally to its strongest level since June 10. Investors took profits ahead of the SARB policy decision and US jobless claims data. Benchmark 2030 bond yields rose 2.5 basis points to 9.33%.

- Date: 2020-07-22 · published 2020-07-22T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/52409-south-african-rand-softens-after-rally-as-investors-await-data-signals-cnbc
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

This is routine currency profit-taking with no change to feed commodity fundamentals.

## Sources

- cnbcafrica.com: https://www.cnbcafrica.com/2020/south-african-rand-softens-after-rally-as-investors-await-data-signals

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