# South African rand starts week on back foot on China, Fed worries | Reuters

> The rand weakened on Monday to 19.05 per dollar, about 0.4% lower on the day. Concerns over China's economy and possible further US rate hikes weighed on it. Analysts expected further falls on weak Chinese data, firmer US core producer inflation and higher bets on a September Fed hike.

- Date: 2023-08-14 · published 2023-08-14T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/34885-south-african-rand-starts-week-on-back-foot-on-china-fed-worries-reuters
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Weak Chinese demand and expectations of higher US rates both pressure emerging-market currencies such as the rand, raising the local cost of dollar-priced feed imports. The effect on commodity prices is limited.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/south-african-rand-starts-week-back-foot-china-fed-worries-2023-08-14/

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