# Rand steadies after hitting 11-month low - Moneyweb

> The rand rose early on Thursday after hitting an 11-month low the previous session, after seven straight days of losses. The move followed surprisingly strong Chinese trade data that lifted emerging-market currencies. Weak South African economic data, Eskom worries and rating agency commentary had driven the earlier decline.

- Date: 2019-08-08 · published 2019-08-08T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/57885-rand-steadies-after-hitting-11-month-low-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Stronger Chinese import demand supports the commodity-linked rand, though domestic weakness limits the recovery and keeps local import costs elevated.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-steadies-after-hitting-11-month-low-2/

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