# Rand gains on politics, low liquidity - Moneyweb

> The rand firmed nearly 1.5% to 13.30 per dollar after a court ruling disqualified North West ANC branches, which traders viewed as favourable to Ramaphosa. Investors also cut long dollar positions amid tight liquidity.

- Date: 2017-12-15 · published 2017-12-15T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/67761-rand-gains-on-politics-low-liquidity-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

The rand's move reflects political and liquidity factors rather than commodity fundamentals. It has minimal direct effect on feed prices.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-gains-on-politics-low-liquidity/

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