# Rand under pressure from stronger dollar - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

> The rand traded near R19 to the dollar in Asian trade on December 11 as the dollar strengthened after US November payrolls showed unemployment falling to 3.7% from 3.9%. The stronger US data lifted Treasury yields and reduced expectations for early US rate cuts.

- Date: 2023-12-11 · published 2023-12-11T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/33010-rand-under-pressure-from-stronger-dollar-sabc-news-breaking-news-special
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A firmer dollar pressures emerging-market currencies such as the rand and tends to weigh on dollar-priced commodity exports. The effect on feed prices is modest.

## Sources

- sabcnews.com: https://www.sabcnews.com/sabcnews/rand-under-pressure-from-stronger-dollar/

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