# South African rand opens firmer, supported by precious metals - Markets - Business Recorder

> The South African rand opened slightly stronger on Monday, supported by higher gold and platinum prices and a weaker dollar. The rand traded at 14.795 per dollar, about 0.2% firmer than its previous close. Traders were watching domestic data releases and a municipal election.

- Date: 2021-10-25 · published 2021-10-25T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/44851-south-african-rand-opens-firmer-supported-by-precious-metals-markets-business
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

This is a routine currency move with no new fundamental driver for feed markets. A firmer rand modestly lowers the local cost of imported feed ingredients.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40128881

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