# Rand Clings on to Week's Gains but Federal Reserve Now Looms Large Over Emerging World

> The rand extended a week-long rally into Wednesday as a retreat by the dollar helped emerging-market currencies. Analysts warned the rand could come under renewed pressure if the Federal Reserve signalled more hikes at its meeting that evening.

- Date: 2018-09-26 · published 2018-09-26T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/63340-rand-clings-on-to-week-s-gains-but-federal-reserve-now-looms-large-over
- 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

Currency swings tied to Fed policy change the rand cost of imported feed inputs. The Fed outcome, rather than any grain-specific factor, is the main driver of the expected move.

## Read by commodity

- DXY: neutral
- USDZAR: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-09-06 | [Board of Governors of the Federal Reserve System](https://feedsoft.ai/events/39787-board-of-governors-of-the-federal-reserve-system.md) | -0.4% | +2.7% |
| DXY | 2025-05-07 | [Dollar languishes ahead of Federal Reserve meeting, Asian currencies calmer](https://feedsoft.ai/events/9623-dollar-languishes-ahead-of-federal-reserve-meeting-asian-currencies-calmer.md) | +0.8% | -0.8% |
| DXY | 2024-02-08 | [The Federal Reserve and U.S. Treasury Did Not Intervene in FX Markets During the Fourth Quarter - FEDERAL RESERVE BANK of NEW YORK](https://feedsoft.ai/events/31865-the-federal-reserve-and-u-s-treasury-did-not-intervene-in-fx-markets-during-the.md) | +0.4% | -0.6% |
| DXY | 2018-12-20 | [US Federal Reserve raises rates and trims outlook for 2019 rate increases  \| The National](https://feedsoft.ai/events/61493-us-federal-reserve-raises-rates-and-trims-outlook-for-2019-rate-increases-the.md) | -0.1% | -1.1% |
| DXY | 2024-01-31 | [EMERGING MARKETS-Latin American stocks, FX hold gains after Fed policy decision; Colombia peso up after rate cut](https://feedsoft.ai/events/32405-emerging-markets-latin-american-stocks-fx-hold-gains-after-fed-policy-decision.md) | +0.3% | +0.4% |

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/zar/9991-rand-clings-on-to-week-s-gains-but-federal-reserve-now-looms-large-over-emerging-world

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