# Rand weaker after upbeat Fed; traders cautious before CPI - Moneyweb

> The rand weakened to 13.31 per dollar after Fed Chairman Powell said the US was on track for years of steady growth, lifting the dollar. Traders awaited South African June inflation data and a Reserve Bank rate decision.

- Date: 2018-07-18 · published 2018-07-18T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/64328-rand-weaker-after-upbeat-fed-traders-cautious-before-cpi-moneyweb
- 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 firmer dollar and expected hawkish local policy shape emerging-market currency flows, affecting import costs for South African feed buyers; the impact on grain prices is limited.

## Read by commodity

- DXY: bullish ▲
- USDZAR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-09-27 | [Rand takes a beating on US rate hike talk - Moneyweb](https://feedsoft.ai/events/69233-rand-takes-a-beating-on-us-rate-hike-talk-moneyweb.md) | +0.5% | +1.5% |
| DXY | 2019-09-30 | [Rand weaker as investors seek shelter in dollar - Moneyweb](https://feedsoft.ai/events/57360-rand-weaker-as-investors-seek-shelter-in-dollar-moneyweb.md) | -0.2% | -1.4% |
| DXY | 2022-09-28 | [Rand weakens as dollar advances on hawkish Fed - Moneyweb](https://feedsoft.ai/events/39845-rand-weakens-as-dollar-advances-on-hawkish-fed-moneyweb.md) | -1.8% | -1.5% |
| DXY | 2018-09-27 | [Rand falls in early trade, focus on Mining Charter - Moneyweb](https://feedsoft.ai/events/63337-rand-falls-in-early-trade-focus-on-mining-charter-moneyweb.md) | +0.4% | +1.6% |
| DXY | 2023-10-31 | [Rand weakens against stronger dollar; focus on mid-term budget - Moneyweb](https://feedsoft.ai/events/33915-rand-weakens-against-stronger-dollar-focus-on-mid-term-budget-moneyweb.md) | -1.4% | -2.9% |

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-weaker-after-upbeat-fed-traders-cautious-before-cpi/

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