# Rand gains ahead of leading indicator - Moneyweb

> The rand traded stronger in early Tuesday trade at R18.86 per dollar amid US Treasury yield volatility and ahead of South Africa's leading business cycle indicator release. US Treasury yields had briefly topped 5% before pulling back.

- Date: 2023-10-24 · published 2023-10-24T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/33917-rand-gains-ahead-of-leading-indicator-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A firmer rand lowers the local cost of dollar-priced grain and meal imports, though US yield volatility keeps the currency sensitive to rate expectations.

## Read by commodity

- USDZAR: neutral

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/markets/rand-gains-ahead-of-leading-indicator/

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