# Think Daily: Rand Breaks Through R16 To the Dollar as new Covid Variant Lingers | Investing.com ZA

> The rand broke through R16 to the dollar on Thursday, trading at R16.22, amid fears over a new COVID-19 variant and a UK travel ban on South Africa. Brent crude was around $79.81 a barrel and WTI around $75.58, with oil slipping over 2% on Friday on surplus worries.

- Date: 2021-11-26 · published 2021-11-26T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/44349-think-daily-rand-breaks-through-r16-to-the-dollar-as-new-covid-variant-lingers
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

The rand's breach of R16 raises import costs for South African feed buyers. Oil's slide reflects weaker demand expectations that could ease energy-linked input costs.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- za.investing.com: https://za.investing.com/analysis/think-daily-200496249

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