# PODCAST | Economic news of the week: the future looks bleak for the rand

> A business podcast said the rand had been one of the worst-performing currencies against the dollar so far in 2020, with coronavirus blamed for much of the decline. Analysts said the rand could strengthen to about 14.10 if the virus is contained or stay near 15 if weakness persists.

- Date: 2020-02-21 · published 2020-02-21T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/54873-podcast-economic-news-of-the-week-the-future-looks-bleak-for-the-rand
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

The rand's direction over the coming weeks will affect the local cost of imported feed ingredients for South African buyers, depending on how the virus and the budget play out.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- businessday.co.za: https://www.businessday.co.za/bd/markets/2020-02-21-podcast-economic-news-of-the-week-the-future-looks-bleak-for-the-rand/

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