# Sarb hikes, Fed outlook, Trump thanks Saudi on oil - Moneyweb

> Emerging-market currencies held up against a stronger dollar as optimism grew that US rate increases would slow. The South African Reserve Bank raised its benchmark rate for the first time in over two years, and the rand rallied. Separately, the US and China failed to agree on a joint statement at an Asia-Pacific summit.

- Date: 2018-11-26 · published 2018-11-26T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/62337-sarb-hikes-fed-outlook-trump-thanks-saudi-on-oil-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

The rand's rally after the rate hike lowers the local-currency cost of dollar-priced feed imports. Continued trade tensions, however, keep currency and risk-asset swings elevated.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/sarb-hikes-fed-outlook-trump-thanks-saudi-on-oil/

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