# Rand firms 1% against globally weaker dollar - Moneyweb

> The rand firmed more than 1% against the dollar, trading at 13.355 per dollar, as the greenback slipped after the US Federal Reserve kept an mildly upbeat economic view but gave no sign of faster rate hikes. The move came in line with a broadly weaker dollar.

- Date: 2017-02-02 · published 2017-02-02T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/72787-rand-firms-1-against-globally-weaker-dollar-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A firmer rand reduces the rand cost of dollar-priced grain and meal imports into South Africa. The move reflects dollar weakness and is unlikely to change underlying feed supply.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-firms-1-against-globally-weaker-dollar/

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