# Rand firms on improved risk appetite - Moneyweb

> The rand started the week firmer on Monday, with the currency trading at 16.51 per dollar, 0.23% stronger than Friday's close. Risk appetite was supported by hopes of a US fiscal package, Pfizer's comments about a possible vaccine by year-end, and China's GDP growth of 4.9%. Government bonds also firmed, with the 2030 yield falling to 9.31%.

- Date: 2020-10-19 · published 2020-10-19T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/50930-rand-firms-on-improved-risk-appetite-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Rand strength lowers the local cost of imported feed ingredients for South African buyers. The move reflects global risk sentiment, so it could reverse quickly if the stimulus or vaccine news fades.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-firms-on-improved-risk-appetite/

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