# South African rand firmer as Trump comments hurt dollar, what you need to know… | CNBC Africa

> The rand firmed more than 1% in early trade after US President Trump criticised Federal Reserve rate hikes, which pushed the dollar to its lowest since August 9. The rand had recently hit a two-year low amid the Turkish financial crisis, and traders saw its oversold momentum reversing.

- Date: 2018-08-21 · published 2018-08-21T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/63828-south-african-rand-firmer-as-trump-comments-hurt-dollar-what-you-need-to-know
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A firmer rand lowers the local-currency cost of dollar-priced feed imports, though the move reflects a dollar pullback tied to Fed policy rather than a change in South African fundamentals.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- cnbcafrica.com: https://www.cnbcafrica.com/2018/south-african-rand-firmer-as-trump-comments-hurt-dollar-what-you-need-to-know

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