# Rand breaches R18 to the dollar mark - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

> The rand breached R18 to the dollar on Monday, a record low, after Moody's cut South Africa to junk status on Friday. The 10-year R186 bond yield rose to 10.65%, and the rand was expected to stay vulnerable as emerging markets face acute risk aversion.

- Date: 2020-03-30 · published 2020-03-30T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/54412-rand-breaches-r18-to-the-dollar-mark-sabc-news-breaking-news-special-reports
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A record-low rand raises the local currency cost of imported feed ingredients and increases pressure on South African feed producers' margins.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- sabcnews.com: https://www.sabcnews.com/sabcnews/rand-breaches-r18-to-the-dollar-mark/

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