# South African Rand Bats Away Tiers and Coronavirus Fears but Dollar Demand Contains Recovery

> The rand recovered earlier losses against the dollar on December 22 after shrugging off concerns about a new coronavirus strain. Thin holiday trade and firm demand for the dollar limited further gains.

- Date: 2020-12-22 · published 2020-12-22T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/49952-south-african-rand-bats-away-tiers-and-coronavirus-fears-but-dollar-demand
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Currency swings of this size have little effect on imported feed costs or global grain prices. The move reflects general emerging-market sentiment rather than a shift in commodity fundamentals.

## Read by commodity

- USDZAR: neutral

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/zar/14755-south-african-rand-bats-away-tiers-and-coronavirus-fears-but-dollar-demand-contains-recovery

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