# South Africa's rand firms as US dollar struggles | South Africa My Financial News

> The South African rand firmed in early trade on Tuesday after the dollar fell as investors took profits on recent greenback gains. The rand held the previous session's gains.

- Date: 2022-01-31 · published 2022-01-31T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/43431-south-africa-s-rand-firms-as-us-dollar-struggles-south-africa-my-financial-news
- 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 imported feed ingredients, a modest easing of import costs for South African buyers.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- south-africa.myfinancial.news: https://south-africa.myfinancial.news/sections/dollar/south-africa039s-rand-firms-as-us-dollar-struggles.html

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