# South African rand weakens in early trade - Markets - Business Recorder

> The South African rand weakened in early trade on Monday, trading at 18.1650 per dollar, about 0.3% weaker, as the US dollar firmed. The dollar index was up about 0.3% at 112.14. Traders were also watching the mid-term budget and risks including the UK leadership race and the Russia-Ukraine war.

- Date: 2022-10-24 · published 2022-10-24T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/39425-south-african-rand-weakens-in-early-trade-markets-business-recorder
- 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 firmer dollar lifts the rand price of dollar-priced feed ingredients, which can pressure South African feed costs. The move is a routine intraday update with no new supply or demand change.

## Read by commodity

- DXY: bullish ▲
- USDZAR: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40204815

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