# South Africa's rand slips but set for weekly gains - Markets - Business Recorder

> The rand slipped 0.8% to 14.97 per dollar on March 12, 2021, as rising U.S. Treasury yields hurt global risk appetite. The currency was still more than 4% stronger than at the start of the week.

- Date: 2021-03-12 · published 2021-03-12T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/48421-south-africa-s-rand-slips-but-set-for-weekly-gains-markets-business-recorder
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Rising U.S. yields pull capital from high-yielding currencies, which can raise the local cost of dollar-priced imports. The move is a currency story and does not change grain supply.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40073009

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