# Rand trades firmer against major currencies - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

> The rand firmed against major currencies on 30 May after Ramaphosa announced a leaner 28-member cabinet, trading near R14.62 per dollar. Analysts said global trade-war developments remained the main driver.

- Date: 2019-05-30 · published 2019-05-30T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/59381-rand-trades-firmer-against-major-currencies-sabc-news-breaking-news-special
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A firmer rand modestly lowers the local-currency cost of imported feed ingredients. The effect is limited while trade-war uncertainty persists.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- sabcnews.com: https://www.sabcnews.com/sabcnews/rand-trades-firmer-against-major-currencies/

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