# UPDATE 1-South African rand steadies, stocks close higher - Africa Breaking News | Top Stories | Political | Business | Entertainment | Sport

> The rand steadied on Thursday after hitting a three-week low of 15.085 per dollar, as the dollar rose on optimism over a US-China trade deal. Trump said a deal could come sooner than expected, and Beijing confirmed talks were under way.

- Date: 2019-09-26 · published 2019-09-26T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/57362-update-1-south-african-rand-steadies-stocks-close-higher-africa-breaking-news
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Trade-deal optimism supports risk assets, but the firm dollar keeps emerging-market currencies under pressure, which can raise South African import costs for feed ingredients.

## Read by commodity

- DXY: bullish ▲
- USDZAR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-08-20 | [Rand falls as dollar surges on Fed rate hike forecasts - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.](https://feedsoft.ai/events/40329-rand-falls-as-dollar-surges-on-fed-rate-hike-forecasts-sabc-news-breaking-news.md) | +0.0% | +1.6% |
| DXY | 2023-02-24 | [UPDATE 1-South African rand slips as financial watchdog flags risks \| Kitco News](https://feedsoft.ai/events/37620-update-1-south-african-rand-slips-as-financial-watchdog-flags-risks-kitco-news.md) | +0.0% | -1.1% |
| DXY | 2021-06-17 | [South Africa's rand hits one-month low on hawkish Fed, stocks fall - Markets - Business Recorder](https://feedsoft.ai/events/46878-south-africa-s-rand-hits-one-month-low-on-hawkish-fed-stocks-fall-markets.md) | +1.1% | +1.7% |
| DXY | 2019-07-28 | [C$ steadies, after hitting 1-month low on better-than-expected US data - The Business Times](https://feedsoft.ai/events/58338-c-steadies-after-hitting-1-month-low-on-better-than-expected-us-data-the.md) | +0.6% | +1.5% |
| DXY | 2018-02-27 | [South Korea: Stocks wobble, won slides on Fed rate hike worries - The Business Times](https://feedsoft.ai/events/66719-south-korea-stocks-wobble-won-slides-on-fed-rate-hike-worries-the-business-times.md) | +0.1% | -0.1% |

## Sources

- africa.timesofnews.com: https://africa.timesofnews.com/breaking-news/update-1-south-african-rand-steadies-stocks-close-higher.html

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