# South African rand rises as dollar drops; miners drag on bourse | Reuters

> The rand rose as the dollar index fell more than 0.2% to 107.88, after the currency had hit its weakest level since September 2020 earlier in the week. Mining shares weighed on the Johannesburg bourse while bank stocks held up.

- Date: 2022-07-12 · published 2022-07-12T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/40790-south-african-rand-rises-as-dollar-drops-miners-drag-on-bourse-reuters
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Routine currency moves like this have only a small effect on feed import costs, since the rand is still weak against the dollar overall.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/world/africa/south-african-rand-21-month-low-dollar-strength-weighs-2022-07-12/

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