# Rand (ZAR/USD) Extends Slump as South Africa’s Row With US Puts Trade at Risk - Bloomberg

> The rand fell to a record low of 19.5148 per dollar, breaking the April 2020 low, as a diplomatic row between Pretoria and Washington raised concern about trade worth billions of dollars. Government bond yields rose sharply. The currency later narrowed losses to 19.2337.

- Date: 2023-05-12 · published 2023-05-12T12:00:00.000Z
- Category: geopolitics · region South Africa · magnitude medium
- Page: https://feedsoft.ai/events/36246-rand-zar-usd-extends-slump-as-south-africa-s-row-with-us-puts-trade-at-risk
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Risk to South Africa's trade with the US could reduce export earnings and dollar liquidity, weakening the rand and raising the cost of imported feed ingredients. The impact is mainly on currency and trade flows rather than global grain prices.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2023-05-12/rand-extends-slump-as-south-africa-s-row-with-us-puts-trade-ties-at-risk

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