# USDZAR jumps following the Fed meeting

> The rand weakened sharply after the US Federal Reserve raised its benchmark rate by a quarter point and lowered its 2019 hike projections to two, fewer than the market expected. USDZAR jumped from 14.13 to 14.40 within about three hours of the announcement.

- Date: 2018-12-20 · published 2018-12-20T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/61834-usdzar-jumps-following-the-fed-meeting
- 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 stronger dollar after the Fed decision raises the rand cost of imported feed ingredients, which pressures South African feed buyers.

## Read by commodity

- DXY: bullish ▲
- USDZAR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-09-20 | [Live Coverage of the Fed's September Meeting](https://feedsoft.ai/events/34006-live-coverage-of-the-fed-s-september-meeting.md) | +1.1% | +2.2% |
| DXY | 2021-06-17 | [Dollar Tipped to Remain in Demand Following Fed](https://feedsoft.ai/events/6133-dollar-tipped-to-remain-in-demand-following-fed.md) | +1.1% | +1.7% |
| DXY | 2021-09-22 | [Fed Holds the Course at September 2021 Meeting](https://feedsoft.ai/events/44963-fed-holds-the-course-at-september-2021-meeting.md) | +0.4% | -0.3% |
| DXY | 2019-07-31 | [Fed meeting: beware the dollar’s resilience \| articles \| ING THINK](https://feedsoft.ai/events/58016-fed-meeting-beware-the-dollar-s-resilience-articles-ing-think.md) | +0.9% | +1.8% |
| DXY | 2024-02-03 | [VND/USD exchange rate expected to rise following Fed decision](https://feedsoft.ai/events/32002-vnd-usd-exchange-rate-expected-to-rise-following-fed-decision.md) | +0.1% | -0.0% |

## Sources

- thesouthafrican.com: https://www.thesouthafrican.com/business/usdzar-jumps-following-the-fed-meeting/

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