# Rand steadies, Omicron uncertainty lingers - Moneyweb

> The rand steadied in early trade on December 3 at R15.92 per dollar, not far from its previous close of R15.94. Omicron uncertainty continued to weigh on sentiment and buoy the dollar. Analysts warned that the economic outlook was weakening because of possible tighter restrictions.

- Date: 2021-12-03 · published 2021-12-03T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/43910-rand-steadies-omicron-uncertainty-lingers-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A flat rand leaves dollar-priced feed import costs for South African buyers largely unchanged. The Omicron-driven uncertainty could lead to renewed currency moves later.

## Read by commodity

- USDZAR: neutral

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/markets/rand-steadies-omicron-uncertainty-lingers/

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