# USD/ZAR, Up Big After US Elections, Steadies as SARB Holds Rates

> The South African Reserve Bank held its repo rate at 7.0% as expected, and the rand held steady after slumping in the days following Donald Trump's US election win. USD/ZAR had peaked near 14.65 and was trading near 14.14 when the report was written. Analysts said future moves will depend more on US rate expectations than on local factors.

- Date: 2016-11-24 · published 2016-11-24T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/74131-usd-zar-up-big-after-us-elections-steadies-as-sarb-holds-rates
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Rand stability limits the local price spike for dollar-priced feed imports. Future moves will hinge on the expected Fed hike, which could strengthen the dollar again.

## Read by commodity

- USDZAR: neutral

## Sources

- finance.yahoo.com: https://finance.yahoo.com/news/usd-zar-big-us-elections-154500082.html

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