# Rand firms as trade surplus jumps, stocks up - Moneyweb

> The rand rose to a seven-week high against the dollar after South Africa's June trade surplus widened more than expected to R12 billion on strong precious metals, base metals and vehicle parts exports. Local stocks also ended higher.

- Date: 2018-07-31 · published 2018-07-31T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/64321-rand-firms-as-trade-surplus-jumps-stocks-up-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A firmer rand raises the local-currency cost of imported feed inputs for South African buyers, while commodity export strength supports the country's trade position.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-firms-as-trade-surplus-jumps-stocks-up/

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