# South African rand slips, Middle East tension spurs safe-haven demand | Reuters

> The South African rand slipped about 1% against a firmer dollar on July 29, trading near 18.48 per dollar. Markets were looking ahead to a US policy decision and rising concern over escalation in the Middle East after a rocket strike in the Golan Heights.

- Date: 2024-07-29 · published 2024-07-29T12:00:00.000Z
- Category: geopolitics · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/29573-south-african-rand-slips-middle-east-tension-spurs-safe-haven-demand-reuters
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Risk-off flows into the dollar weaken emerging-market currencies, so a weaker rand raises the local-currency cost of South African imports and marginally affects feed-ingredient pricing in South Africa.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/south-african-rand-edges-higher-with-eyes-fed-2024-07-29/

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