# South African Rand (ZAR USD) Becomes the Currency to Short as Risks Grow - Bloomberg

> The South African rand plunged during the week after deadly protests erupted following former President Zuma's jailing, disrupting the Covid-19 vaccination program and threatening food shortages. The currency lost its place as the year's top emerging-market performer, and the nation's dollar debt saw its biggest three-day drop since May.

- Date: 2021-07-14 · published 2021-07-14T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/46354-south-african-rand-zar-usd-becomes-the-currency-to-short-as-risks-grow-bloomberg
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Civil unrest threatening supply chains and food distribution in South Africa is a demand and logistics concern for feed importers, and a weaker rand raises local costs for imported feed ingredients.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2021-07-14/south-african-rand-becomes-the-currency-to-short-as-risks-grow

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