# South African rand gains in early trade on China policy pledges - Markets - Business Recorder

> The rand extended gains on July 25 to 17.6575 per dollar, about 0.5% stronger, after China's top leaders pledged more support for the economy. The rand was up more than 6% in July, recovering from a record low in early June. Rand Merchant Bank expected South Africa's leading business cycle indicator to fall further in May.

- Date: 2023-07-25 · published 2023-07-25T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/35352-south-african-rand-gains-in-early-trade-on-china-policy-pledges-markets
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Chinese stimulus lifts global risk appetite and supports South African currency and commodity demand, which lowers the local cost of dollar-priced feed inputs.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40254522

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