# South African rand on course for losses of over 3% this week - Markets - Business Recorder

> The rand was on track for weekly losses above 3% as expectations of Fed tapering lifted the US dollar against riskier assets. Risk sentiment also soured over the spread of the Delta coronavirus variant.

- Date: 2021-08-20 · published 2021-08-20T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/45851-south-african-rand-on-course-for-losses-of-over-3-this-week-markets-business
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A weaker rand raises the local cost of imported feed for South African buyers, and tighter global financial conditions can pressure commodity demand.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40114462

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