# Rand weathers risks to end 2019 higher, stocks down - Moneyweb

> The South African rand rose 0.4% to 14.06 per dollar on the last trading day of 2019, holding gains from prior sessions on global yield-seeking and optimism over a US-China trade breakthrough. Stocks ended 2019 lower along with other emerging markets as investors took profits.

- Date: 2019-12-31 · published 2019-12-31T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/55833-rand-weathers-risks-to-end-2019-higher-stocks-down-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A firmer rand lowers the rand cost of imported feed ingredients such as soymeal and corn for South African buyers, while thin year-end trading limits the signal.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-weathers-risks-to-end-2019-higher-stocks-down/

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