# ZAR strength continues

> The rand posted record April gains, rising 4.2% against the dollar and 3% against the pound. Trading at 14.271 per dollar, it faces thin liquidity after a public holiday. The week's main event is the Federal Reserve rate decision.

- Date: 2021-04-29 · published 2021-04-29T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/47903-zar-strength-continues
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A stronger rand lowers the rand cost of dollar-priced grain and meal imports. Currency moves depend on the Fed tone, which affects global risk appetite.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- cbn.co.za: https://cbn.co.za/featured/zar-strength-continues/

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