# South African Rand on Course for Four-year Highs Once US Dollar and Bond Yields Settle Down

> The rand was volatile on Thursday as producer inflation data and rising US bond yields pressured emerging-market currencies. The 10-year US Treasury yield rose above 3%, its highest since 2011, and strategists still expect the rand to reach new highs before year end.

- Date: 2018-04-26 · published 2018-04-26T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/65805-south-african-rand-on-course-for-four-year-highs-once-us-dollar-and-bond-yields
- 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

Higher US yields strengthening the dollar tends to weigh on emerging-market currencies and can shift import costs for South African feed buyers, but the impact on grain prices is indirect.

## Read by commodity

- DXY: bullish ▲
- USDZAR: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-10-02 | [South African rand heads for fourth weekly loss as dollar strengthens and yields rise \| Reuters](https://feedsoft.ai/events/17336-south-african-rand-heads-for-fourth-weekly-loss-as-dollar-strengthens-and.md) | -0.3% | -0.1% |
| DXY | 2025-10-21 | [South African rand falls on stronger dollar \| Reuters](https://feedsoft.ai/events/22706-south-african-rand-falls-on-stronger-dollar-reuters.md) | +0.1% | +0.5% |
| DXY | 2016-12-15 | [Dollar, bond yields advance on Fed rate outlook](https://feedsoft.ai/events/6462-dollar-bond-yields-advance-on-fed-rate-outlook.md) | +1.6% | +1.1% |
| DXY | 2018-08-10 | [US Dollar to Yearly Highs as EUR/USD Breaks Down on Contagion Fears](https://feedsoft.ai/events/11066-us-dollar-to-yearly-highs-as-eur-usd-breaks-down-on-contagion-fears.md) | +1.1% | +1.1% |
| DXY | 2021-12-07 | [US Dollar outlook for 2022 \| IG South Africa](https://feedsoft.ai/events/43494-us-dollar-outlook-for-2022-ig-south-africa.md) | -0.3% | -0.9% |

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/zar/8960-south-african-rand-on-course-for-four-year-highs-once-us-dollar-and-bond-yields-settle-down

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