# Rand weakens past R17 per dollar as US recession fears mount - Moneyweb

> The rand weakened past R17 to the dollar as fears of a US recession mounted. Bloomberg scenario tools suggest similar conditions could push the rand down about 12%, and the market is heavily long rand, so it is exposed to a selloff.

- Date: 2022-07-11 · published 2022-07-11T12:00:00.000Z
- Category: macro · region South Africa · magnitude medium
- Page: https://feedsoft.ai/events/40794-rand-weakens-past-r17-per-dollar-as-us-recession-fears-mount-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Risk-off moves in the rand raise the local currency cost of imported feed ingredients, and a recession-driven dollar rally could push that cost higher still.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/economy/rand-weakens-past-r17-per-dollar-as-us-recession-fears-mount/

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