# Rand softer as investors take profits on rally - Moneyweb

> The rand weakened on Wednesday as investors took profits after a two-day rally. It slipped 0.46% to 13.72 per dollar, moving away from a six-week high of 13.56. Government bonds also weakened.

- Date: 2017-11-29 · published 2017-11-29T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/68280-rand-softer-as-investors-take-profits-on-rally-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A weaker rand raises the local-currency cost of dollar-priced grain and feed imports for South African buyers. The move was a profit-taking pullback rather than a new fundamental shock.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/markets/rand-softer-as-investors-take-profits-on-rally-2/

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