# Rand lifted by dovish Fed comments, stocks fall - Moneyweb

> The rand firmed against the dollar, trading at 13.62 per dollar, after Fed Chairman Jerome Powell said US rates were just below neutral. Stocks fell, weighed down by Naspers and losses in rand hedge shares. Investors were also watching a Trump-Xi meeting at the G20.

- Date: 2018-11-29 · published 2018-11-29T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/62332-rand-lifted-by-dovish-fed-comments-stocks-fall-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A firmer rand lowers the local-currency cost of dollar-priced imports for South African feed buyers. The move is driven mainly by US rate expectations, so the grain price impact is small.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-lifted-by-dovish-fed-comments-stocks-fall/

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