# Rand a little softer as consumer confidence drops

> The rand weakened slightly against major currencies after a consumer confidence index fell to 7 points from 22 in the third quarter. The dollar traded at R13.9714. Traders were focused on the upcoming Trump-Xi meeting and a Fed speech.

- Date: 2018-11-28 · published 2018-11-28T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/62334-rand-a-little-softer-as-consumer-confidence-drops
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Weak domestic sentiment and a softer rand raise the local-currency cost of dollar-priced feed imports. The effect on grain prices is limited.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- businessday.co.za: https://www.businessday.co.za/bd/markets/2018-11-28-rand-a-little-softer-as-consumer-confidence-drops/

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