# Rand edges higher; eyes on Zuma’s fate - Moneyweb

> The rand firmed against the dollar on Wednesday, trading at 11.85 per dollar, after South Africa's trade surplus widened in December to R15.72 billion. Markets also watched reports that ANC leaders would meet President Zuma to discuss options to avoid impeachment or a forced exit.

- Date: 2018-01-31 · published 2018-01-31T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/67271-rand-edges-higher-eyes-on-zuma-s-fate-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger rand and weaker dollar lower the local cost of imported feed inputs for South African buyers, while a weaker dollar generally supports dollar-priced commodities. Currency moves have little direct effect on world grain or meal prices.

## Read by commodity

- DXY: bearish ▼
- USDZAR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-01-24 | [Rand firmer after Sarb keeps rates on hold - Moneyweb](https://feedsoft.ai/events/73270-rand-firmer-after-sarb-keeps-rates-on-hold-moneyweb.md) | -0.4% | -0.6% |
| DXY | 2019-01-29 | [Rand firms on US rate expectations, stocks climb - Moneyweb](https://feedsoft.ai/events/61379-rand-firms-on-us-rate-expectations-stocks-climb-moneyweb.md) | -0.2% | -0.0% |
| DXY | 2017-07-12 | [Rand strengthens 2% on Yellen remarks - Moneyweb](https://feedsoft.ai/events/70263-rand-strengthens-2-on-yellen-remarks-moneyweb.md) | -1.5% | -1.6% |
| DXY | 2018-01-29 | [The rocketing rand - Moneyweb](https://feedsoft.ai/events/67275-the-rocketing-rand-moneyweb.md) | +0.4% | +1.0% |
| DXY | 2017-09-29 | [Rand firmer on dollar dip, trade surplus, stocks gain - Moneyweb](https://feedsoft.ai/events/69232-rand-firmer-on-dollar-dip-trade-surplus-stocks-gain-moneyweb.md) | +0.3% | +1.7% |

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-edges-higher-eyes-on-zumas-fate/

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