# Rand weakens to three month low as stronger dollar and oil price weigh on South Africa

> The rand fell to a three-month low on Thursday as a firmer US dollar, higher global yields and oil supply concerns pressured emerging-market currencies. US GDP growth of 2.2% in the second quarter beat expectations and supported the dollar.

- Date: 2026-10-01 · published 2026-10-01T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/17339-rand-weakens-to-three-month-low-as-stronger-dollar-and-oil-price-weigh-on-south
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A stronger dollar and higher oil prices raise import costs for South African feed buyers and reflect tighter global financial conditions for emerging markets.

## Read by commodity

- DXY: bullish ▲
- WTI: bullish ▲
- USDZAR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-10-30 | [South African Rand Weakens to Over 1-Week Low](https://feedsoft.ai/events/22701-south-african-rand-weakens-to-over-1-week-low.md) | +1.1% | +0.4% |
| DXY | 2025-10-21 | [South African rand falls on stronger dollar \| Reuters](https://feedsoft.ai/events/22706-south-african-rand-falls-on-stronger-dollar-reuters.md) | +0.1% | +0.5% |
| DXY | 2022-09-26 | [South African rand slumps to 28-mth low as dollar reigns supreme](https://feedsoft.ai/events/39843-south-african-rand-slumps-to-28-mth-low-as-dollar-reigns-supreme.md) | +0.2% | +0.6% |
| DXY | 2022-08-19 | [South African rand dips as dollar hits three-week high after Fed minutes \| CNBC Africa](https://feedsoft.ai/events/40328-south-african-rand-dips-as-dollar-hits-three-week-high-after-fed-minutes-cnbc.md) | +0.6% | +2.1% |
| DXY | 2023-03-08 | [South African rand weakens to multi-year low after Powell testimony \| CNBC Africa](https://feedsoft.ai/events/37167-south-african-rand-weakens-to-multi-year-low-after-powell-testimony-cnbc-africa.md) | -0.4% | -1.9% |
| WTI | 2024-08-26 | [Canadian dollar strengthens to 5-month high as oil rallies](https://feedsoft.ai/events/29033-canadian-dollar-strengthens-to-5-month-high-as-oil-rallies.md) | -1.7% | -5.9% |
| WTI | 2026-09-17 | [Investors are increasing their bets on the Thai baht weakening to its highest level in two months, affected by high oil prices and a stronger dollar. - Money & Banking Magazine](https://feedsoft.ai/events/17735-investors-are-increasing-their-bets-on-the-thai-baht-weakening-to-its-highest.md) | -9.9% | -7.1% |
| WTI | 2022-01-11 | [Canadian dollar climbs to 2-month high as oil prices jump](https://feedsoft.ai/events/43396-canadian-dollar-climbs-to-2-month-high-as-oil-prices-jump.md) | +9.3% | +14.3% |

## Sources

- thenational.co.za: https://thenational.co.za/news/2026-10-01-rand-weakens-to-three-month-low-as-stronger-dollar-and-oil-price-weigh-on-south-africa/

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