# South Africa's rand finds support in weaker dollar, stocks firm | Reuters

> The South African rand strengthened on Tuesday as the dollar weakened, trading at 16.0300 per dollar, 0.68% firmer. Moderna's chief executive said COVID-19 vaccines may be less effective against the Omicron variant. The rand had plunged to its weakest since October 2020 the previous Friday on the variant news.

- Date: 2021-11-30 · published 2021-11-30T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/44341-south-africa-s-rand-finds-support-in-weaker-dollar-stocks-firm-reuters
- 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 South African imports and makes the dollar cheaper for importers. Sentiment toward emerging-market currencies remains fragile while Omicron uncertainty persists.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/stocks/south-africas-rand-falls-omicron-worries-linger-2021-11-30/

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