# Rand falls, focus on virus impact - Moneyweb

> The rand weakened early on Thursday to R16.69 per dollar, about 0.88% below its prior close, as coronavirus cases kept rising in many countries. Government bond yields also rose, with the 2030 benchmark up 4.5 basis points to 9.310%. Fed chair Powell said the US outbreak was weighing on economic activity while rates were held near zero.

- Date: 2020-07-30 · published 2020-07-30T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/52404-rand-falls-focus-on-virus-impact-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

The move reflects emerging-market currency sentiment tied to virus risk and Fed policy, with no direct change to feed grain or protein supply or demand.

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-falls-focus-on-virus-impact/

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