# We anticipate that the rand will remain weak | Capital Economics

> Capital Economics said the rand had rallied after hitting its weakest level against the dollar in more than a year following the Omicron variant news. The firm expects the currency to stay under pressure from domestic and external headwinds through much of 2022, even if Omicron does not trigger major new restrictions.

- Date: 2021-12-01 · published 2021-12-01T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/43907-we-anticipate-that-the-rand-will-remain-weak-capital-economics
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A persistently weak rand keeps dollar-priced feed and fertilizer imports expensive for South African buyers. The outlook implies continued upward pressure on USD/ZAR.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- capitaleconomics.com: https://www.capitaleconomics.com/clients/publications/fx-markets/fx-markets-update/we-anticipate-that-the-rand-will-remain-weak

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