# South African rand weakens as economic concerns weigh, stocks stable - Markets - Business Recorder

> The South African rand weakened on Thursday as attention turned to weak economic prospects after recent credit downgrades. The rand had gained about 7% against the dollar that month, and the 2030 bond yield rose 2 basis points to 8.89%.

- Date: 2020-11-26 · published 2020-11-26T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/50425-south-african-rand-weakens-as-economic-concerns-weigh-stocks-stable-markets
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A weaker rand reflects domestic fiscal concerns rather than a feed-supply shift, so it has little direct effect on grain or meal prices.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40035561

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