# Rand climbs to 6-week best - Moneyweb

> The rand rose to a six-week best of about 14.52 per dollar on December 12 after the Federal Reserve held rates steady. Weak local data on mining output and producer prices continued to point to subdued economic activity.

- Date: 2019-12-12 · published 2019-12-12T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/55837-rand-climbs-to-6-week-best-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A firmer rand modestly reduces import costs for South African feed buyers, while the Fed hold supports emerging-market currencies through carry-trade demand.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-climbs-to-6-week-best/

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