# Rand ends rally, inflation in focus - Moneyweb

> The rand paused its rally on Wednesday and traded sideways ahead of South Africa's October inflation data. It had risen more than 2.5% since Monday on improved global risk appetite and higher commodity prices. The Reserve Bank was widely expected to hold its repo rate at 7% the next day.

- Date: 2016-11-23 · published 2016-11-23T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/74130-rand-ends-rally-inflation-in-focus-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Trading was range-bound and driven by data flow, so the move carries little direct price signal for feed. Stable rand levels keep import costs for dollar-priced feed ingredients steady.

## Read by commodity

- USDZAR: neutral

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-ends-rally-inflation-in-focus/

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