# Stocks, currencies drop on new COVID-19 variant | Reuters

> Emerging-market assets fell on Friday as a possibly more dangerous COVID-19 variant was detected, prompting new travel restrictions. The rand dropped 2% to an over one-year low and has lost more than 5.5% in two weeks.

- Date: 2021-11-26 · published 2021-11-26T12:00:00.000Z
- Category: macro · region South Africa · magnitude medium
- Page: https://feedsoft.ai/events/44345-stocks-currencies-drop-on-new-covid-19-variant-reuters
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

The sharp rand sell-off raises the local cost of dollar-priced feed ingredients for South African buyers. Broader risk aversion may also weigh on commodity demand.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/europe/stocks-currencies-drop-new-covid-19-variant-2021-11-26/

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