# South African rand opens flat, global factors in driving seat - Markets - Business Recorder

> The South African rand was little changed in early Monday trade at 19.0475 per dollar, near Friday's close. Analysts pointed to the Israel-Hamas conflict and US economic data as the main drivers for the week.

- Date: 2023-10-23 · published 2023-10-23T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/33918-south-african-rand-opens-flat-global-factors-in-driving-seat-markets-business
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Currency moves set the rand cost of imported feed grains and meal, so a stable rand keeps import costs steady for South African buyers.

## Read by commodity

- USDZAR: neutral

## Sources

- brecorder.com: https://www.brecorder.com/news/40269517

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