# Rand recovers as EM demand lifted by Mexico-US deal - Moneyweb

> The rand firmed to about 14.78 per dollar as emerging-market demand rose after the US-Mexico trade deal. The gains were tempered by ongoing political worries in South Africa and by tariff disputes between the US and major partners.

- Date: 2019-06-11 · published 2019-06-11T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/58879-rand-recovers-as-em-demand-lifted-by-mexico-us-deal-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A firmer rand modestly lowers the local cost of imported feed inputs for South African buyers, while the broader risk-appetite shift reflects easing trade tensions.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-recovers-as-em-demand-lifted-by-mexico-us-deal/

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