# Rand extends gains amid risk-on sentiment - Moneyweb

> The rand firmed in early trade on December 4 at R15.15 per dollar, extending the previous day's 0.7% gain. The move followed improved global risk appetite, a weaker dollar and optimism over US stimulus talks.

- Date: 2020-12-04 · published 2020-12-04T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/49950-rand-extends-gains-amid-risk-on-sentiment-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A firmer rand modestly reduces the local cost of imported feed ingredients for South African buyers. The move does not affect global grain prices.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/markets/rand-extends-gains-amid-risk-on-sentiment/

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