# South African Rand Rally Stalls Near 2020 Highs as Restrictions Place Question Mark Over Recovery

> The rand fell after stalling near 2020 highs around 14.50 per dollar, as President Ramaphosa moved the country to an adjusted Level 3 lockdown with curfews and gathering bans. Investors doubt how quickly the economy can recover.

- Date: 2020-12-30 · published 2020-12-30T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/49944-south-african-rand-rally-stalls-near-2020-highs-as-restrictions-place-question
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Weaker rand values raise the local currency cost of imported feed ingredients for South African buyers. The effect on global commodity prices is limited.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/zar/14772-south-african-rand-rally-stalled-near-2020-highs-as-new-restrictions-threaten-economy

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