# South Africa's rand slides as rising US yields sour risk demand - Markets - Business Recorder

> South Africa's rand weakened 0.66% to 14.7925 per dollar on Monday as rising US 10-year Treasury yields, which touched one-year highs, dampened demand for risk assets. The currency had earlier reached a one-year high of 14.4050 but has retreated as investors reassessed US rate expectations. Investors also held back ahead of South Africa's budget.

- Date: 2021-02-22 · published 2021-02-22T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/48930-south-africa-s-rand-slides-as-rising-us-yields-sour-risk-demand-markets
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A stronger dollar against emerging-market currencies can make South African imports dearer and weigh on local feed costs, though the effect on global grain and feed prices is limited. The move is mainly a currency story with little direct effect on feed ingredient prices.

## Sources

- brecorder.com: https://www.brecorder.com/news/40066801

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