# UPDATE 1-South African rand rises as demand for riskier assets picks up - Africa Breaking News | Top Stories | Political | Business | Entertainment | Sport

> The rand rose more than 1% on Wednesday as demand for riskier assets recovered and the dollar pulled back. It traded at 14.3310 per dollar. Inflation rose to 4.0% in December, and the South African Reserve Bank had cut its main rate to 6.25% the previous week.

- Date: 2020-01-23 · published 2020-01-23T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/55380-update-1-south-african-rand-rises-as-demand-for-riskier-assets-picks-up-africa
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A firmer rand lowers the local cost of dollar-priced feed imports, though rising inflation limits the scope for further rate cuts.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- africa.timesofnews.com: https://africa.timesofnews.com/breaking-news/update-1-south-african-rand-rises-as-demand-for-riskier-assets-picks-up.html

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