# Rand steadies as investors wait on US fed rates, stocks down - Moneyweb

> The rand steadied on Wednesday after two sessions of losses tied to an oil price spike, with Brent falling 6.5% the prior session. Saudi Arabia said output would recover to 9.89 million barrels per day in September and October, and local inflation rose to 4.3%.

- Date: 2019-09-18 · published 2019-09-18T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/57365-rand-steadies-as-investors-wait-on-us-fed-rates-stocks-down-moneyweb
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Recovering Saudi output eased oil-driven risk-off pressure, reducing short-term import cost concerns for South African feed buyers, though the Fed decision remained a key driver.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼
- USDZAR: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2020-04-21 | [Rand steady, oil crash in focus - Moneyweb](https://feedsoft.ai/events/53913-rand-steady-oil-crash-in-focus-moneyweb.md) | -32.4% | +73.9% |
| WTI | 2022-06-23 | [Oil prices slump as investors fear Fed rate hikes will hurt demand \| Reuters](https://feedsoft.ai/events/41110-oil-prices-slump-as-investors-fear-fed-rate-hikes-will-hurt-demand-reuters.md) | +4.5% | -8.0% |
| WTI | 2022-11-24 | [Canadian dollar steadies as investors cheer Fed’s dovish signal - Markets - Business Recorder](https://feedsoft.ai/events/38909-canadian-dollar-steadies-as-investors-cheer-fed-s-dovish-signal-markets.md) | +4.1% | -0.4% |
| WTI | 2026-02-02 | [Dollar steady after Friday rally as investors weigh a Warsh-led Fed, commodity-linked currencies soft \| MarketScreener India](https://feedsoft.ai/events/20508-dollar-steady-after-friday-rally-as-investors-weigh-a-warsh-led-fed-commodity.md) | -1.6% | +9.9% |
| WTI | 2024-05-03 | [Oil settles down on US jobs data, steepest weekly loss in 3 months \| Reuters](https://feedsoft.ai/events/7229-oil-settles-down-on-us-jobs-data-steepest-weekly-loss-in-3-months-reuters.md) | +0.4% | -3.0% |
| BRENT | 2022-06-23 | [Oil prices slump as investors fear Fed rate hikes will hurt demand \| Reuters](https://feedsoft.ai/events/41110-oil-prices-slump-as-investors-fear-fed-rate-hikes-will-hurt-demand-reuters.md) | +4.3% | -2.0% |
| BRENT | 2024-05-03 | [Oil settles down on US jobs data, steepest weekly loss in 3 months \| Reuters](https://feedsoft.ai/events/7229-oil-settles-down-on-us-jobs-data-steepest-weekly-loss-in-3-months-reuters.md) | -0.8% | -4.4% |
| BRENT | 2022-06-14 | [Oil prices settle down on fears of Fed and oil profit tax](https://feedsoft.ai/events/41135-oil-prices-settle-down-on-fears-of-fed-and-oil-profit-tax.md) | -7.7% | -11.5% |

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-steadies-as-investors-wait-on-us-fed-rates-stocks-down/

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