# South Africa's rand eases as virus fears grow - Markets - Business Recorder

> The rand weakened slightly early Tuesday as the safe-haven dollar held firm amid concerns over the Delta coronavirus variant. Ramaphosa has tightened COVID-19 restrictions for 14 days as South Africa faces a third wave of infections.

- Date: 2021-06-29 · published 2021-06-29T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/46873-south-africa-s-rand-eases-as-virus-fears-grow-markets-business-recorder
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Virus-driven restrictions and a firmer dollar raise the local cost of imported feed inputs for South African buyers, though the effect on grain prices is small.

## Read by commodity

- DXY: bullish ▲
- USDZAR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-02-13 | [South African rand slides as Moody’s flags risks, dollar gains - Markets - Business Recorder](https://feedsoft.ai/events/37623-south-african-rand-slides-as-moody-s-flags-risks-dollar-gains-markets-business.md) | +0.3% | +0.6% |
| DXY | 2021-06-17 | [South Africa's rand hits one-month low on hawkish Fed, stocks fall - Markets - Business Recorder](https://feedsoft.ai/events/46878-south-africa-s-rand-hits-one-month-low-on-hawkish-fed-stocks-fall-markets.md) | +1.1% | +1.7% |
| DXY | 2022-06-22 | [South African rand slips as traders await Fed chair, inflation data - Markets - Business Recorder](https://feedsoft.ai/events/41265-south-african-rand-slips-as-traders-await-fed-chair-inflation-data-markets.md) | -0.0% | +1.6% |
| DXY | 2021-07-01 | [Long bets cut on Asian FX; Fed tapering fears, virus spike hits rupiah - Markets - Business Recorder](https://feedsoft.ai/events/46332-long-bets-cut-on-asian-fx-fed-tapering-fears-virus-spike-hits-rupiah-markets.md) | +0.5% | -0.1% |
| DXY | 2021-06-29 | [Baht, rupiah under pressure as virus woes support dollar - Markets - Business Recorder](https://feedsoft.ai/events/46855-baht-rupiah-under-pressure-as-virus-woes-support-dollar-markets-business.md) | +0.8% | +1.1% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40103682

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