# Rand firmer as trade deal optimism eases growth shock - Moneyweb

> The rand firmed to about 14.58 per dollar on December 4 as Trump described trade talks with China as going very well. South Africa's third-quarter GDP contracted 0.6%, a surprise that raised fears of credit downgrades.

- Date: 2019-12-04 · published 2019-12-04T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/55838-rand-firmer-as-trade-deal-optimism-eases-growth-shock-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A firmer rand eases the local cost of imported feed, while the US-China trade optimism supports agricultural demand sentiment.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-firmer-as-trade-deal-optimism-eases-growth-shock/

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