# Rand hits 15-month high against dollar - Moneyweb

> The rand strengthened to its firmest level in more than 15 months against the dollar, trading near 13.10 per dollar after closing at 13.34 in New York. The move followed improved risk appetite, South African jobs data showing unemployment falling from a 13-year high, and a weaker dollar after the resignation of US National Security Adviser Michael Flynn. Local stocks fell, dragged down by Kumba Iron Ore.

- Date: 2017-02-14 · published 2017-02-14T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/72784-rand-hits-15-month-high-against-dollar-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A stronger rand lowers the local-currency cost of rand-priced imports and makes dollar-priced feed ingredients cheaper for South African buyers. The move is mainly technical and sentiment-driven, so the effect on feed prices is limited.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-hits-15-month-high-against-dollar/

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