# EMERGING MARKETS-EM FX on longest losing run this year, rand eases after c.bank decision | CNBC Africa

> The South African Reserve Bank held its repo rate at 3.5% on March 25, 2021, as widely expected. The MSCI emerging-market currency index was on track for its longest losing streak of 2021 as a stronger dollar, rising U.S. yields and new European lockdowns weighed on developing currencies.

- Date: 2021-03-25 · published 2021-03-25T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/48418-emerging-markets-em-fx-on-longest-losing-run-this-year-rand-eases-after-c-bank
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Broad emerging-market currency weakness raises the local cost of dollar-priced grain and oilseed imports for importers in these markets. The move is largely driven by dollar strength rather than by a change in grain fundamentals.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- cnbcafrica.com: https://www.cnbcafrica.com/2021/emerging-markets-em-fx-on-longest-losing-run-this-year-rand-eases-after-c-bank-decision

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