# Rand slightly firmer, breaks past key 13.00 to the dollar level - Moneyweb

> The rand strengthened to 12.9850 per dollar on Tuesday, breaking through the 13.00 level to reach its strongest point in about four weeks. It recouped early losses caused by North Korea's missile launch over Japan, and gold miners rallied as bullion rose.

- Date: 2017-08-29 · published 2017-08-29T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/69752-rand-slightly-firmer-breaks-past-key-13-00-to-the-dollar-level-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A firmer rand lowers the local-currency cost of imported feed inputs such as soybean meal and corn for South African buyers, so USDZAR is pressed lower. The effect on global grain prices is minimal.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-slightly-firmer-breaks-past-key-13-00-to-the-dollar-level/

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