# South African rand edges higher as investors await mid-term budget - Markets - Business Recorder

> The rand edged higher to 17.6675 per dollar in early trade as investors waited for the mid-term budget statement. Money supply and private credit data were also released, and the 2030 bond yield slipped.

- Date: 2024-10-29 · published 2024-10-29T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/28154-south-african-rand-edges-higher-as-investors-await-mid-term-budget-markets
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Currency moves ahead of the budget affect the local cost of dollar-priced feed imports. The impact on grain and feed prices is limited.

## Read by commodity

- USDZAR: neutral

## Sources

- brecorder.com: https://www.brecorder.com/news/40329566

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