# Rand extends rally - Moneyweb

> The rand firmed in early trade on Friday, extending the previous session's gains after softer US inflation data. It traded at R17.32 against the dollar, and the Top-40 and all-share indexes rose more than 2%.

- Date: 2022-11-11 · published 2022-11-11T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/38974-rand-extends-rally-moneyweb
- 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 dollar-priced feed ingredient imports, supporting South African buyers' landed costs.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/markets/rand-extends-rally/

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