# South Africa's Rand Slips As U.S. Rate Hike Talk Cools Demand | Naija247news

> The rand weakened on Wednesday as comments from Fed Chair Yellen boosted bets on another US rate hike in December. Political wrangling over a possible bailout for South African Airways also dampened demand for the currency.

- Date: 2017-09-27 · published 2017-09-27T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/69238-south-africa-s-rand-slips-as-u-s-rate-hike-talk-cools-demand-naija247news
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Stronger expectations of US rate hikes lift the dollar and raise import costs for South African feed buyers, while the rand's weakness adds to pressure on local-currency feed prices.

## Read by commodity

- DXY: bullish ▲
- USDZAR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-02-24 | [UPDATE 1-South African rand slips as financial watchdog flags risks \| Kitco News](https://feedsoft.ai/events/37620-update-1-south-african-rand-slips-as-financial-watchdog-flags-risks-kitco-news.md) | +0.0% | -1.1% |
| DXY | 2023-04-21 | [South African rand weaker as Fed rate bets support dollar \| CNBC Africa](https://feedsoft.ai/events/36686-south-african-rand-weaker-as-fed-rate-bets-support-dollar-cnbc-africa.md) | +0.3% | +0.8% |
| DXY | 2022-08-19 | [South African rand dips as dollar hits three-week high after Fed minutes \| CNBC Africa](https://feedsoft.ai/events/40328-south-african-rand-dips-as-dollar-hits-three-week-high-after-fed-minutes-cnbc.md) | +0.6% | +2.1% |
| DXY | 2021-01-28 | [South Africa's rand falls as risk-off sentiment lifts dollar](https://feedsoft.ai/events/49431-south-africa-s-rand-falls-as-risk-off-sentiment-lifts-dollar.md) | +0.2% | -0.1% |
| DXY | 2025-09-26 | [South African rand edges down after better-than-expected U.S. data \| CNBC Africa](https://feedsoft.ai/events/23176-south-african-rand-edges-down-after-better-than-expected-u-s-data-cnbc-africa.md) | -0.1% | +0.3% |

## Sources

- naija247news.com: https://naija247news.com/south-africas-rand-slips-as-u-s-rate-hike-talk-cools-demand/

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