# South Africa's rand firms as focus shifts to national budget from Ukraine - Markets - Business Recorder

> The rand strengthened in early trade as fears of an all-out war over Ukraine eased and attention turned to South Africa's national budget. The rand traded at 15.0272 per dollar, and a slew of sanctions on Russia suggested a full-scale war might be averted.

- Date: 2022-02-23 · published 2022-02-23T12:00:00.000Z
- Category: geopolitics · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/42982-south-africa-s-rand-firms-as-focus-shifts-to-national-budget-from-ukraine
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Easing geopolitical risk supports emerging-market currencies, which lowers the local cost of dollar-priced feed imports. The budget outcome is the next driver to watch.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40156520

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