# UPDATE 1-South African rand edges firmer, stocks dip By Reuters

> The rand firmed on Wednesday after Fed Chair Powell signalled the Fed would hold rates steady, with the currency at about 14.92 per dollar. Retail sales growth in South Africa was weak at 0.2% year-on-year.

- Date: 2019-11-13 · published 2019-11-13T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/56361-update-1-south-african-rand-edges-firmer-stocks-dip-by-reuters
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

US rate expectations drive emerging-market currency flows, and a firmer rand slightly lowers South African feed import costs.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- za.investing.com: https://za.investing.com/news/update-1south-african-rand-edges-firmer-stocks-dip-1983705

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