# Rand weaker as China Covid protests hurt global sentiment

> The rand weakened on Monday as protests in Chinese cities against zero-Covid restrictions weighed on global risk sentiment. Analysts warned that persistent zero-Covid policy could weigh on emerging markets into 2023.

- Date: 2022-11-29 · published 2022-11-29T12:00:00.000Z
- Category: macro · region China · magnitude medium
- Page: https://feedsoft.ai/events/38973-rand-weaker-as-china-covid-protests-hurt-global-sentiment
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Weaker Chinese growth prospects reduce expected demand for imported feed commodities and soften emerging-market currencies, which raises the rand cost of dollar-priced imports.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- bizcommunity.com: https://www.bizcommunity.com/Article/196/516/233981.html

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