# Rand flat with all eyes on US Fed - Moneyweb

> The rand traded flat at R16.63 per dollar on June 10 as investors waited for the US Federal Reserve policy decision. The Fed was not expected to cut rates but was seen moving to curb rising bond yields. Analysts described the rand's undervaluation versus the dollar as a bullish case for the second half.

- Date: 2020-06-10 · published 2020-06-10T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/52912-rand-flat-with-all-eyes-on-us-fed-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Currency stability keeps the local cost of imported feed ingredients steady, while the Fed decision could shift emerging-market risk appetite. The impact on feed prices is indirect.

## Read by commodity

- USDZAR: neutral

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-flat-with-all-eyes-on-us-fed/

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