# South African rand holds on to gains against dollar

> The South African rand was steady on Friday at 17.1975 per dollar, holding recent gains. Gains followed a 20-month high driven by the US Federal Reserve's rate cut last week and improved risk sentiment after the formation of a coalition government.

- Date: 2024-09-27 · published 2024-09-27T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/28620-south-african-rand-holds-on-to-gains-against-dollar
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Steady rand strength keeps dollar-priced feed and fertilizer imports cheaper in local currency terms for South African buyers.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40324354

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