# South African rand lifted by weaker dollar

> The rand gained on Monday as the US dollar fell after Treasury yields retreated and US economic data disappointed. The rand traded at 14.4000 per dollar, 0.6% stronger than Friday's close.

- Date: 2021-05-03 · published 2021-05-03T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/47380-south-african-rand-lifted-by-weaker-dollar
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A weaker dollar and softer US yields lower the local cost of dollar-priced feed imports for South African buyers.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/world/africa/south-africas-rand-slips-firmer-dollar-economic-data-eyed-2021-05-03/

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