# USD/ZAR flirting with daily highs near 14.25 ahead of US docket — Octa

> USD/ZAR traded near 14.25 as the rand gave back earlier gains. South Africa's Q2 unemployment rate rose to 29.0% from 27.6%. The rand had met resistance near 13.80 after the SARB cut its key rate to 6.50%.

- Date: 2019-07-30 · published 2019-07-30T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/58385-usd-zar-flirting-with-daily-highs-near-14-25-ahead-of-us-docket-octa
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Currency moves of this size have little direct effect on feed prices, though a weaker rand can raise the cost of imported inputs for South African buyers.

## Read by commodity

- USDZAR: neutral

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/730764/

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