# Rand weakens as virus dents risk appetite - Moneyweb

> The rand weakened early Friday at 19.14 per dollar as Covid-19 economic concerns hurt risk appetite. South Africa announced a partial economic reopening from May 1. More than R50 billion has left South African bonds this year, and index exclusion is expected to add selling pressure.

- Date: 2020-04-24 · published 2020-04-24T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/53911-rand-weakens-as-virus-dents-risk-appetite-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Currency weakness and risk-off flows raise the rand cost of imported feed ingredients, supporting higher landed prices for South African feed buyers.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-weakens-as-virus-dents-risk-appetite/

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