# Rand gains on slow US wage growth, stocks up - Moneyweb

> The rand firmed on Friday, ending its first week of the quarter more than 2% stronger, after US employment data showed jobs rising by 196,000 while wage growth slowed. The currency reached R14.02 per dollar, its best level since February 28. Local stocks also gained on hopes of a US-China trade deal.

- Date: 2019-04-05 · published 2019-04-05T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/59858-rand-gains-on-slow-us-wage-growth-stocks-up-moneyweb
- 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

A weaker dollar and firmer emerging-market currencies lower the local-currency cost of imported feed inputs for South African buyers. The move is driven by macro sentiment rather than a change in grain supply or demand.

## Read by commodity

- DXY: bearish ▼
- USDZAR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-01-29 | [Rand firms on US rate expectations, stocks climb - Moneyweb](https://feedsoft.ai/events/61379-rand-firms-on-us-rate-expectations-stocks-climb-moneyweb.md) | -0.2% | -0.0% |
| DXY | 2017-09-29 | [Rand firmer on dollar dip, trade surplus, stocks gain - Moneyweb](https://feedsoft.ai/events/69232-rand-firmer-on-dollar-dip-trade-surplus-stocks-gain-moneyweb.md) | +0.3% | +1.7% |
| DXY | 2017-01-31 | [Rand, stocks rise as Trump trips up dollar - Moneyweb](https://feedsoft.ai/events/73244-rand-stocks-rise-as-trump-trips-up-dollar-moneyweb.md) | -0.6% | -0.6% |
| DXY | 2019-03-20 | [South Africa’s rand gains ahead of Fed decision - Moneyweb](https://feedsoft.ai/events/60378-south-africa-s-rand-gains-ahead-of-fed-decision-moneyweb.md) | +0.4% | +0.4% |
| DXY | 2017-07-12 | [Rand strengthens 2% on Yellen remarks - Moneyweb](https://feedsoft.ai/events/70263-rand-strengthens-2-on-yellen-remarks-moneyweb.md) | -1.5% | -1.6% |

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-gains-on-slow-us-wage-growth-stocks-up/

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