# Rand weakens ahead of budget, trade balance data - Moneyweb

> The rand weakened about 0.2% to 16.99 per dollar in early trade ahead of November budget and trade balance data. Private sector credit grew 8.3% year on year in November, after 9.34% in October. The 2030 government bond yield fell 2 basis points to 10.235%.

- Date: 2022-12-30 · published 2022-12-30T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/38515-rand-weakens-ahead-of-budget-trade-balance-data-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Routine currency moves ahead of data releases have little effect on feed prices, but a weaker rand slightly raises the cost of imported feed inputs for South African buyers.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-weakens-ahead-of-budget-trade-balance-data/

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