# Rand gains on hopes US-China trade war is easing - Moneyweb

> The rand strengthened on Wednesday to 14.13 per dollar, helped by reports that China and the US had resolved most issues blocking a trade deal. The currency had earlier reached a six-week high of 14.07 after Moody's positive credit opinion. Gains faded later in the session on concerns about Eskom, the state power utility.

- Date: 2019-04-03 · published 2019-04-03T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/59861-rand-gains-on-hopes-us-china-trade-war-is-easing-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Improved US-China trade prospects support risk appetite and emerging-market currencies, which can ease the local cost of imported feed. Eskom-related power risk is a domestic factor that could limit the rand's gains.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-gains-on-hopes-us-china-trade-war-is-easing/

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