# Rand surges on China boost, growing US interest rate gap | News24

> The rand broke below R17.20 per dollar for the first time since January 2023, supported by a large Chinese stimulus package and a widening interest rate gap with the US. The rand has gained more than 2% against the dollar over the past week.

- Date: 2024-09-25 · published 2024-09-25T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/28618-rand-surges-on-china-boost-growing-us-interest-rate-gap-news24
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Chinese stimulus raises expectations for commodity demand, which supports South African mining exports, while a stronger rand lowers the local cost of dollar-priced imports.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- news24.com: https://www.news24.com/business/markets/rand-surges-on-china-boost-growing-us-interest-rate-gap-20240925

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