# Rand firms as JSE soars to 4-month high

> The JSE All Share index rose more than 1.1% to 76,249 points, its highest since late December 2023, led by resource-linked stocks and financials. The rand strengthened 0.7% to R18.68 against the dollar, its best level since April 11, as the greenback softened ahead of the Fed meeting.

- Date: 2024-04-30 · published 2024-04-30T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/31035-rand-firms-as-jse-soars-to-4-month-high
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A firmer rand modestly lowers the local-currency cost of dollar-priced imports such as feed ingredients and fertiliser for South African buyers, but the move is small and mainly reflects broader risk sentiment.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- iol.co.za: https://iol.co.za/business-report/economy/2024-04-30-rand-firms-as-jse-soars-to-4-month-high/

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