# Rand Outlook: awaits the US tariff finalisation

> Investec's chief economist says the rand has lagged the 10.5% fall in the dollar index this year, gaining only 7%. She notes that US tariff deadlines on August 1 may give major partners extensions, while smaller partners face a risk of tariffs and currency weakness.

- Date: 2025-07-25 · published 2025-07-25T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/24058-rand-outlook-awaits-the-us-tariff-finalisation
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Smaller emerging-market exporters facing tariffs tend to see currency weakness, which affects import costs for feed buyers in those markets. South Africa's agricultural exports to the US are a small share of its total exports.

## Read by commodity

- USDZAR: neutral

## Sources

- investec.com: https://www.investec.com/en_za/focus/economy/rand-outlook-awaits-the-us-tariff-finalisation.html

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