# Rand recovers from Omicron-driven fall - Moneyweb

> The rand recovered in early trade on December 2 to R15.97 per dollar, 0.47% firmer than the previous close, after breaching R16.00 the day before. Omicron had become the dominant strain in South Africa, with 74% of sequenced genomes from the new variant. Analysts said the risk-off move could be short-lived if vaccines remain effective.

- Date: 2021-12-02 · published 2021-12-02T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/43909-rand-recovers-from-omicron-driven-fall-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Improving risk sentiment eases the dollar's safe-haven pull on the rand, which moderates dollar-priced import costs for feed buyers. The Omicron-related swings are a near-term driver of currency volatility.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/markets/rand-recovers-from-omicron-driven-fall/

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