# Rand moves lower at end of volatile week

> The rand weakened about 0.5% to 15.16 per dollar in early trade as the dollar firmed on global markets. Attention turned to the South African Reserve Bank's first policy meeting of 2021, where most analysts expected rates to be held at 3.5%.

- Date: 2021-02-01 · published 2021-02-01T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/49437-rand-moves-lower-at-end-of-volatile-week
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Rand weakness raises the cost of imported feed inputs for South African buyers, and a possible rate cut would add further pressure on the currency.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-moves-lower-at-end-of-volatile-week/

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