# South Africa’s rand gains ahead of Fed decision - Moneyweb

> The rand gained nearly 1% to R14.37 per dollar on Wednesday ahead of the US Federal Reserve decision, which was expected to hold rates and reduce projected hikes. Domestic data showed February inflation at 4.1% and retail sales growth of 1.2% year-on-year in January.

- Date: 2019-03-20 · published 2019-03-20T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/60378-south-africa-s-rand-gains-ahead-of-fed-decision-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A dovish Fed tends to weaken the dollar and support emerging-market currencies, which is a macro backdrop for feed import costs in South Africa with limited direct effect on grain prices.

## Read by commodity

- DXY: bearish ▼
- USDZAR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-10-29 | [South African rand gains on expectations of Fed rate cut \| CNBC Africa](https://feedsoft.ai/events/22700-south-african-rand-gains-on-expectations-of-fed-rate-cut-cnbc-africa.md) | +1.0% | +0.5% |
| DXY | 2025-09-29 | [South African rand buoyed by higher gold prices ahead of local data \| CNBC Africa](https://feedsoft.ai/events/23175-south-african-rand-buoyed-by-higher-gold-prices-ahead-of-local-data-cnbc-africa.md) | -0.3% | +0.3% |
| DXY | 2019-04-05 | [Rand gains on slow US wage growth, stocks up - Moneyweb](https://feedsoft.ai/events/59858-rand-gains-on-slow-us-wage-growth-stocks-up-moneyweb.md) | -0.3% | +0.5% |
| DXY | 2026-09-01 | [South African Rand Gains Below 16 Per Dollar, Cuts War Loss](https://feedsoft.ai/events/18188-south-african-rand-gains-below-16-per-dollar-cuts-war-loss.md) | -0.6% | +2.1% |
| DXY | 2022-06-28 | [South African rand gains as dollar dips - Markets - Business Recorder](https://feedsoft.ai/events/41263-south-african-rand-gains-as-dollar-dips-markets-business-recorder.md) | +2.0% | +2.2% |

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/south-africas-rand-gains-ahead-of-fed-decision/

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