# South Africa’s rand steady ahead of unemployment, trade data - Markets - Business Recorder

> The rand held steady against the dollar ahead of South Africa's first-quarter unemployment figures and April trade balance. The unemployment rate had reached a record 35.3% in late 2021, and rotational power cuts continue to weigh on growth.

- Date: 2022-05-31 · published 2022-05-31T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/41695-south-africa-s-rand-steady-ahead-of-unemployment-trade-data-markets-business
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

This is routine currency commentary with no new driver for grain, oilseed or feed prices. The rand's level has limited direct effect on feed markets.

## Sources

- brecorder.com: https://www.brecorder.com/news/40176859

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