# The rocketing rand - Moneyweb

> The rand has strengthened about 4% against the dollar this year and broke R12 for the first time since May 2015. Analysts attribute the move mainly to a weak dollar, with added support from new optimism about South African economic reform and anti-corruption efforts.

- Date: 2018-01-29 · published 2018-01-29T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/67275-the-rocketing-rand-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

The rand's gains mainly reflect dollar weakness, which lowers the local cost of dollar-priced feed imports. The effect on world feed grain prices is limited.

## Read by commodity

- DXY: bearish ▼
- USDZAR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-01-31 | [Rand, stocks rise as Trump trips up dollar - Moneyweb](https://feedsoft.ai/events/73244-rand-stocks-rise-as-trump-trips-up-dollar-moneyweb.md) | -0.6% | -0.6% |
| 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 | 2017-06-29 | [Rand extends gains as dollar selling continues - Moneyweb](https://feedsoft.ai/events/70775-rand-extends-gains-as-dollar-selling-continues-moneyweb.md) | +0.3% | -1.7% |
| DXY | 2019-04-05 | [Rand gains on slow US wage growth, stocks up - Moneyweb](https://feedsoft.ai/events/59858-rand-gains-on-slow-us-wage-growth-stocks-up-moneyweb.md) | -0.3% | +0.5% |
| DXY | 2018-01-31 | [Rand edges higher; eyes on Zuma’s fate - Moneyweb](https://feedsoft.ai/events/67271-rand-edges-higher-eyes-on-zuma-s-fate-moneyweb.md) | +0.4% | +1.2% |

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/moneyweb-opinion/the-rocketing-rand/

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