# South African rand gains as dollar falters; unemployment data due - Markets - Business Recorder

> The rand gained in early trade on Tuesday as the dollar slipped against major currencies. Official third-quarter unemployment figures were due later in the day, with the prior jobless rate at 33.9%.

- Date: 2022-11-29 · published 2022-11-29T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/38972-south-african-rand-gains-as-dollar-falters-unemployment-data-due-markets
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A stronger rand modestly reduces the local cost of dollar-denominated feed imports, though the move is small and driven mainly by dollar weakness.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40211514

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