# Rand weakens after trade and budget data - Moneyweb

> The rand weakened to R18.88 against the dollar on Thursday after South African producer inflation rose to 5.8% in October and the budget and trade balances showed deficits. The dollar gained about 0.6% against a basket of currencies on month-end demand.

- Date: 2023-11-30 · published 2023-11-30T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/33449-rand-weakens-after-trade-and-budget-data-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A weaker rand raises the local cost of imported feed ingredients such as soybean meal and corn for South African buyers, though the effect on global prices is small.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/markets/rand-strengthens-ahead-of-ppi-trade-balance-data/

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