# South African rand firms against weaker dollar - Markets - Business Recorder

> The South African rand strengthened early on Friday as US Treasury yields eased from 15-year highs and the dollar softened. Traders turned to local August money supply, trade and budget data.

- Date: 2023-09-29 · published 2023-09-29T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/34402-south-african-rand-firms-against-weaker-dollar-markets-business-recorder
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A firmer rand lowers the local-currency cost of imported feed inputs for South African buyers, though the effect on global feed prices is minimal.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40265782

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