# Rand firms as investors chase riskier assets, stocks up - Moneyweb

> The rand firmed to 14.175 per dollar, its strongest since October 1, as a softer dollar lifted emerging-market currencies. Local stocks rose and banks led gains. Moody's ratings review was delayed until after the medium-term budget statement.

- Date: 2018-10-16 · published 2018-10-16T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/62830-rand-firms-as-investors-chase-riskier-assets-stocks-up-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A stronger rand and softer dollar lower the local cost of imported feed ingredients, though the move is a routine currency swing.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-firms-as-investors-chase-riskier-assets-stocks-up/

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