# South African Rand Slips on Nu Variant Fears and Dollar Strength

> The rand slipped on Friday as a new COVID variant, named Nu by the WHO, spiked cases in South Africa, and as the dollar strengthened on prospects of a faster Fed shift. The UK imposed a travel ban on South Africa and five other African states.

- Date: 2021-11-26 · published 2021-11-26T12:00:00.000Z
- Category: macro · region South Africa · magnitude medium
- Page: https://feedsoft.ai/events/44347-south-african-rand-slips-on-nu-variant-fears-and-dollar-strength
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Currency weakness and tourism and trade disruption add pressure on South African importers' costs. A broad risk-off move in markets can also weigh on commodity prices.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/zar/16245-south-african-rand-slips-on-nu-variant-fears-and-dollar-strength

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