# South Africa’s rand falls as Ukraine crisis weigh - Markets - Business Recorder

> South Africa's rand fell in early trade on Thursday as the Ukraine war dragged on and commodity prices, which benefit the resource-rich country, declined. The rand traded at 14.5000 per dollar, about 0.3% weaker than its previous close. Gold, platinum and palladium also edged lower.

- Date: 2022-03-31 · published 2022-03-31T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/42553-south-africa-s-rand-falls-as-ukraine-crisis-weigh-markets-business-recorder
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Softer commodity prices weigh on South African export earnings and the rand. The move is small and routine, with limited direct impact on feed commodity prices.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40164331

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