# Currency Partners | MyCURRENCY News | Week 40 2024

> The rand gained for a fifth straight week, reaching R17.07/$ at Friday's low point, after a 40-cent rally from Monday's high. Support came from the US rate cut, positive sentiment toward South Africa, and China's stimulus package, which lifted the yuan.

- Date: 2024-09-30 · published 2024-09-30T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/28616-currency-partners-mycurrency-news-week-40-2024
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Stronger emerging-market currencies and firmer Chinese demand expectations can ease the rand cost of imported feed inputs and support commodity export values.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- currencypartners.co.za: https://currencypartners.co.za/market-news/currency-news/week40-2024/

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