# South African rand slides as Moody’s flags risks, dollar gains - Markets - Business Recorder

> The rand slid to about 18.005 per dollar on 13 February 2023, breaking above 18 for the first time since November 2022. Moody's had flagged that power blackouts threaten growth and social stability, and the dollar gained on bets that the Fed would stay tight.

- Date: 2023-02-13 · published 2023-02-13T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/37623-south-african-rand-slides-as-moody-s-flags-risks-dollar-gains-markets-business
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker rand and stronger dollar raise import costs for South African feed buyers. The effect on global grain and meal prices is minimal.

## Read by commodity

- DXY: bullish ▲
- USDZAR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-06-29 | [South Africa's rand eases as virus fears grow - Markets - Business Recorder](https://feedsoft.ai/events/46873-south-africa-s-rand-eases-as-virus-fears-grow-markets-business-recorder.md) | +0.8% | +1.1% |
| DXY | 2022-06-22 | [South African rand slips as traders await Fed chair, inflation data - Markets - Business Recorder](https://feedsoft.ai/events/41265-south-african-rand-slips-as-traders-await-fed-chair-inflation-data-markets.md) | -0.0% | +1.6% |
| DXY | 2021-06-17 | [South Africa's rand hits one-month low on hawkish Fed, stocks fall - Markets - Business Recorder](https://feedsoft.ai/events/46878-south-africa-s-rand-hits-one-month-low-on-hawkish-fed-stocks-fall-markets.md) | +1.1% | +1.7% |
| DXY | 2021-03-19 | [US dollar gains after Fed moves to lift key bank leverage rule - Markets - Business Recorder](https://feedsoft.ai/events/48312-us-dollar-gains-after-fed-moves-to-lift-key-bank-leverage-rule-markets-business.md) | +1.1% | -0.1% |
| DXY | 2024-05-08 | [China’s yuan slips as hawkish Fed comments boost dollar - Markets - Business Recorder](https://feedsoft.ai/events/5869-china-s-yuan-slips-as-hawkish-fed-comments-boost-dollar-markets-business.md) | -0.1% | +0.4% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40225993

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