# Rand firms as investors chase high yields - Moneyweb

> The rand firmed about 0.2% to R14.93 per dollar in early trade, supported by global risk appetite and foreign inflows into South African bonds. Offshore investors bought R2.68 billion of bonds in the prior week, marking three straight weeks of inflows. South Africa had also begun its Covid-19 vaccine rollout while easing lockdown restrictions.

- Date: 2021-02-03 · published 2021-02-03T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/48936-rand-firms-as-investors-chase-high-yields-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Foreign bond inflows support the rand, which lowers the local cost of imported feed inputs. The move is a routine currency update with little direct effect on feed prices.

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/markets/rand-firms-as-investors-chase-high-yields/

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