# Rand extends gains as dollar selling continues - Moneyweb

> The South African rand firmed early on Thursday to 12.92 per dollar as the dollar index slipped to its weakest since October. Traders cited weak US economic data and waning bets that Trump's fiscal stimulus would pass.

- Date: 2017-06-29 · published 2017-06-29T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/70775-rand-extends-gains-as-dollar-selling-continues-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 and weaker dollar shift the cost of South African-linked feed and grain imports and can ease pressure on local feed prices. The effect on grain futures is modest since the move is driven by offshore currency flows.

## Read by commodity

- DXY: bearish ▼
- USDZAR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-09-01 | [Ringgit ends at seven-month high as dollar continues to slip \| Malay Mail](https://feedsoft.ai/events/51361-ringgit-ends-at-seven-month-high-as-dollar-continues-to-slip-malay-mail.md) | +0.6% | +1.5% |
| DXY | 2022-07-28 | [Pound Sterling Extends Gains against Euro and Dollar on post-Fed Relief](https://feedsoft.ai/events/40759-pound-sterling-extends-gains-against-euro-and-dollar-on-post-fed-relief.md) | -0.3% | +0.2% |
| 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 | 2026-01-01 | [Canadian dollar extends recent gains as US labor market cools](https://feedsoft.ai/events/21732-canadian-dollar-extends-recent-gains-as-us-labor-market-cools.md) | +0.3% | -1.5% |
| DXY | 2022-03-31 | [Ringgit continues upward momentum against US dollar](https://feedsoft.ai/events/42530-ringgit-continues-upward-momentum-against-us-dollar.md) | +0.8% | +3.8% |

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-extends-gains-as-dollar-selling-continues/

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