# Rand stronger as dollar slips, stocks down - Moneyweb

> The rand firmed about 1% against the dollar on Tuesday after South Africa lifted most coronavirus lockdown restrictions over the weekend. A weaker US dollar, at a two-year low after five straight daily declines, also supported the currency. Official forecasts still predict at least a 7% contraction this year.

- Date: 2020-08-18 · published 2020-08-18T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/51911-rand-stronger-as-dollar-slips-stocks-down-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A firmer rand eases the cost of dollar-priced feed imports for South African buyers. The move mainly reflects dollar weakness and local reopening, not grain supply.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-stronger-as-dollar-slips-stocks-down/

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