# Rand extends gains after US midterms dent dollar - Moneyweb

> The rand extended gains to 13.92 per dollar after US midterm elections split Congress, reducing the chance of a near-term US fiscal stimulus. A survey showed South African business confidence rose for a second month in October. The dollar index fell 0.57%.

- Date: 2018-11-07 · published 2018-11-07T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/62339-rand-extends-gains-after-us-midterms-dent-dollar-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A firmer rand lowers the local cost of dollar-priced feed imports. The move reflects US political and dollar dynamics more than any change in grain supply or demand.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/south-african-rand-extends-gains-after-u-s-midterms-dent-dollar/

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