# South African rand weakens at start of busy data week - Markets - Business Recorder

> The rand weakened in early Tuesday trade as the dollar rose after Federal Reserve comments suggested rates could stay higher for longer. Several South African economic releases were due later in the week.

- Date: 2023-09-26 · published 2023-09-26T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/34407-south-african-rand-weakens-at-start-of-busy-data-week-markets-business-recorder
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A weaker rand raises the rand cost of imported feed for South African buyers, but the move has little effect on global feed commodity prices.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40265172

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