# Rand and JSE hit as China sets off jittery markets

> The rand fell to a three-week low on Monday, weakening to R14.86 per dollar at its worst intraday, while the JSE slipped to its lowest level since January. The sell-off was driven by fears that the Evergrande liquidity crisis would spread beyond China's property sector. The rand had fallen for five straight sessions ahead of the Federal Reserve's policy meeting.

- Date: 2021-09-20 · published 2021-09-20T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/45360-rand-and-jse-hit-as-china-sets-off-jittery-markets
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A weaker rand raises the local cost of dollar-priced feed imports. Concern about Chinese growth also signals weaker demand for South African commodity exports.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- businessday.co.za: https://www.businessday.co.za/bd/markets/2021-09-20-rand-and-jse-hit-as-china-sets-off-jittery-markets/

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