# Rand pulls back as dollar firms - Moneyweb

> The rand retreated from a five-month high early on Monday as the dollar strengthened. Shanghai began a two-phase lockdown over Covid-19 testing, which weighed on risk appetite. Investors were also watching peace talks between Russia and Ukraine scheduled in Turkey that week.

- Date: 2022-03-28 · published 2022-03-28T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/42556-rand-pulls-back-as-dollar-firms-moneyweb
- 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

Chinese lockdowns reduce expected demand for commodities and feed inputs, which can weigh on South African export currency values. The rand move itself is a routine currency swing.

## Read by commodity

- DXY: bullish ▲
- USDZAR: bullish ▲

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/economy/rand-pulls-back-as-dollar-firms/

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