# Rand firmer on dollar dip, trade surplus, stocks gain - Moneyweb

> The rand firmed modestly on Friday as the dollar paused its rally, with South Africa recording a seventh consecutive trade surplus of nearly R6 billion in August. Bonds rallied and stocks rose 1.1%, following world markets higher after weak US consumer spending data.

- Date: 2017-09-29 · published 2017-09-29T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/69232-rand-firmer-on-dollar-dip-trade-surplus-stocks-gain-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 lowers the local-currency cost of imported feed inputs for South African buyers, while the dollar's pause reduces pressure on emerging-market currencies that affects import costs.

## 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 | 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 | 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 | 2017-01-24 | [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 | 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% |

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-firmer-on-dollar-dip-trade-surplus-stocks-gain/

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