# South African rand gains ahead of manufacturing, Q3 current account data - Markets - Business Recorder

> The rand strengthened in early trade on Thursday to 17.11 per dollar, 0.36% stronger than the previous close. Traders were awaiting third-quarter current account data and October manufacturing output. Economists polled by Reuters expected the current account deficit to narrow to 0.8% of GDP and manufacturing to rise 4.5% year on year.

- Date: 2022-12-08 · published 2022-12-08T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/38519-south-african-rand-gains-ahead-of-manufacturing-q3-current-account-data-markets
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A firmer rand reduces the local cost of dollar-priced feed imports, but this is routine pre-data trading with no major new driver.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40213309

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