# South African rand edges up on improved risk sentiment

> The South African rand edged higher on Thursday, trading at 17.31 per dollar, about 0.2% stronger than its previous close. Risk appetite improved after recent US and South African rate cuts, and the rand has hit repeated 20-month highs this week.

- Date: 2024-09-26 · published 2024-09-26T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/28614-south-african-rand-edges-up-on-improved-risk-sentiment
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A firmer rand raises the rand cost of dollar-priced imports such as feed ingredients and fertilizer, and lowers the rand value of South African grain and oilseed exports.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/south-african-rand-edges-up-improved-risk-sentiment-2024-09-26/

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