# Rand firmer after Sarb keeps rates on hold - Moneyweb

> The rand firmed on Tuesday after the South African Reserve Bank kept its repo rate unchanged at 7 percent and warned of inflation risks. A globally weaker dollar on concerns over Trump's protectionist stance also supported the currency.

- Date: 2017-01-24 · published 2017-01-24T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/73270-rand-firmer-after-sarb-keeps-rates-on-hold-moneyweb
- 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

Rate holds and a softer dollar support emerging-market currencies and platinum prices, with negligible direct impact on feed ingredient prices.

## Read by commodity

- DXY: bearish ▼
- USDZAR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2017-09-29 | [Rand firmer on dollar dip, trade surplus, stocks gain - Moneyweb](https://feedsoft.ai/events/69232-rand-firmer-on-dollar-dip-trade-surplus-stocks-gain-moneyweb.md) | +0.3% | +1.7% |
| 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 | 2018-07-24 | [Rand firms after Ramaphosa announces $14.7bn China investment - Moneyweb](https://feedsoft.ai/events/64324-rand-firms-after-ramaphosa-announces-14-7bn-china-investment-moneyweb.md) | -0.7% | +0.8% |
| DXY | 2017-01-31 | [Korean won near 2-month high after BoK keeps rates to boost gr...](https://feedsoft.ai/events/73209-korean-won-near-2-month-high-after-bok-keeps-rates-to-boost-gr.md) | -0.6% | -0.6% |

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-firmer-after-central-bank-keeps-rates-on-hold/

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