# Rand looking at a stronger finish to 2023 – BusinessTech

> The rand had strengthened sharply through July, reaching R17.42 per dollar in the last week of the month after a weak first half. Foreign investors bought R11.3 billion of South African bonds in July. Analysts expect no further US rate changes this year, though markets are pricing cuts from Q2 2024.

- Date: 2023-07-31 · published 2023-07-31T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/35345-rand-looking-at-a-stronger-finish-to-2023-businesstech
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A stronger rand reduces the local-currency cost of imported feed ingredients, though the gains could reverse if the dollar firms or China's recovery weakens.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- businesstech.co.za: https://businesstech.co.za/news/finance/708016/rand-looking-at-a-stronger-finish-to-2023/

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