# South African rand weaker as reported attacks in Ukraine lift dollar - Markets - Business Recorder

> The rand weakened early on Thursday as the dollar gained after Russian-backed separatists in eastern Ukraine accused government forces of attacks, which Ukraine denied. Russia had massed troops on the border, and the rand traded at 15.0375 per dollar.

- Date: 2022-02-17 · published 2022-02-17T12:00:00.000Z
- Category: geopolitics · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/42983-south-african-rand-weaker-as-reported-attacks-in-ukraine-lift-dollar-markets
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Rising Ukraine tensions lift the dollar and weigh on the rand, which raises the cost of dollar-priced feed imports. The rand had been resilient, supported by South Africa's terms of trade.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40155117

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