# Rand weaker against the dollar - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

> The rand weakened 0.25% to 14.30 per dollar in early trade as markets digested Federal Reserve Chair Powell's defence of gradual rate hikes and signals of further increases. Separately, South Sudan resumed pumping 20,000 barrels per day from the Toma South oilfield.

- Date: 2018-08-27 · published 2018-08-27T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/63830-rand-weaker-against-the-dollar-sabc-news-breaking-news-special-reports-world
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Expectations of further Fed hikes support the dollar against emerging-market currencies, which raises the local-currency cost of dollar-priced feed imports into South Africa.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- sabcnews.com: https://www.sabcnews.com/sabcnews/rand-weaker-against-the-dollar/

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