# South Africa's rand firmer as dollar takes a break - Markets - Business Recorder

> South Africa's rand firmed on Monday, extending the previous week's gains, as the dollar gave back a rally that followed a stronger-than-expected US inflation reading. The rand traded at 13.7625 per dollar, with thin liquidity expected because of US and UK bank holidays.

- Date: 2021-05-31 · published 2021-05-31T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/47375-south-africa-s-rand-firmer-as-dollar-takes-a-break-markets-business-recorder
- 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 grain and oilseed imports, which can ease South African feed costs at the margin.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40096575

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