# Weak dollar boosts rand, mining stocks - Moneyweb

> The rand and South African mining stocks strengthened on Wednesday as the dollar fell on uncertainty over US stimulus. The rand moved to 12.97 per dollar, and AngloGold Ashanti fell after saying it may cut 8,500 jobs.

- Date: 2017-06-28 · published 2017-06-28T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/70776-weak-dollar-boosts-rand-mining-stocks-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 weaker dollar supports dollar-priced commodities, but this is a routine currency and equity wrap with no new agricultural supply or demand driver.

## Read by commodity

- DXY: bearish ▼
- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/weak-dollar-boosts-rand-mining-stocks/

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