# Rand recovers slightly after torrid week - Moneyweb

> The rand recovered 0.7% to 14.14 per dollar on Friday after two days of heavy losses following a bleak budget, though it remained on track for a weekly loss of about 3.4%. Helping the currency were a report that Trump favours Jerome Powell for Fed chair, which eased dollar strength, and month-end dollar selling by exporters.

- Date: 2017-10-27 · published 2017-10-27T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/68775-rand-recovers-slightly-after-torrid-week-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Currency swings tied to budget and rating risk keep South African import costs volatile. The rebound came from broader dollar weakness and month-end flows rather than a change in fundamentals, so price pressure on feed inputs is limited.

## Read by commodity

- USDZAR: neutral

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-recovers-slightly-after-torrid-week/

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