# Rand strengthens 2% on Yellen remarks - Moneyweb

> The rand strengthened almost 2% to 13.31 per dollar on Wednesday after Federal Reserve Chair Janet Yellen's congressional testimony weakened the dollar against a basket of currencies. The move reversed part of the rand's earlier losses. The dollar's decline was broad across major currencies.

- Date: 2017-07-12 · published 2017-07-12T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/70263-rand-strengthens-2-on-yellen-remarks-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 stronger rand lowers the local cost of imported feed ingredients, while a weaker dollar generally supports dollar-priced commodities. Yellen's comments on the Fed's rate path are the main driver.

## Read by commodity

- DXY: bearish ▼
- USDZAR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-04-05 | [Rand gains on slow US wage growth, stocks up - Moneyweb](https://feedsoft.ai/events/59858-rand-gains-on-slow-us-wage-growth-stocks-up-moneyweb.md) | -0.3% | +0.5% |
| DXY | 2019-01-29 | [Rand firms on US rate expectations, stocks climb - Moneyweb](https://feedsoft.ai/events/61379-rand-firms-on-us-rate-expectations-stocks-climb-moneyweb.md) | -0.2% | -0.0% |
| DXY | 2018-01-29 | [The rocketing rand - Moneyweb](https://feedsoft.ai/events/67275-the-rocketing-rand-moneyweb.md) | +0.4% | +1.0% |
| DXY | 2018-01-31 | [Rand edges higher; eyes on Zuma’s fate - Moneyweb](https://feedsoft.ai/events/67271-rand-edges-higher-eyes-on-zuma-s-fate-moneyweb.md) | +0.4% | +1.2% |
| DXY | 2025-12-29 | [Rand set for biggest gain in 16 years on SA stability - Moneyweb](https://feedsoft.ai/events/21775-rand-set-for-biggest-gain-in-16-years-on-sa-stability-moneyweb.md) | +0.1% | -1.7% |

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-strengthens-as-dollar-declines-on-yellen-remarks/

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