# South Africa's rand gains on yield hunt, U.S. stimulus hopes | Financial Post

> The South African rand firmed on Tuesday, building on recent gains as investors sought high-yielding assets. Hopes that the US would finalise a new stimulus package, with Democrats and Republicans reportedly close to a deal, supported global risk appetite. The rand was 0.27% firmer at 16.4750 per dollar.

- Date: 2020-10-20 · published 2020-10-20T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/50925-south-africa-s-rand-gains-on-yield-hunt-u-s-stimulus-hopes-financial-post
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A firmer rand on carry demand and risk appetite lowers the local-currency cost of imported feed ingredients for South African buyers. The move is driven by global sentiment rather than local supply, so the effect on feed prices is modest.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/south-africas-rand-gains-on-yield-hunt-u-s-stimulus-hopes

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