# South African rand firms ahead of key economic data - Markets - Business Recorder

> The South African rand firmed in early trade on Friday ahead of a day of local economic data, trading at 18.0625 per dollar. Analysts said the money supply, credit, and trade balance figures would influence the currency in coming weeks.

- Date: 2024-11-29 · published 2024-11-29T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/27710-south-african-rand-firms-ahead-of-key-economic-data-markets-business-recorder
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Routine currency moves on local data have little direct effect on feed ingredient prices. A firmer rand would modestly lower import costs for South African buyers.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40335087

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