# Rand tumbles to 11-week low as coronavirus, power cuts weigh - Moneyweb

> The rand fell to a 12-week low against the dollar after the WHO declared the coronavirus a global emergency. State utility Eskom said nationwide blackouts would continue as it carried out maintenance on its coal fleet. The rand lost nearly 4% over the week, the worst among emerging market peers.

- Date: 2020-01-31 · published 2020-01-31T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/55373-rand-tumbles-to-11-week-low-as-coronavirus-power-cuts-weigh-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A weaker rand raises the local cost of imported feed inputs such as soybean meal and corn for South African buyers. Virus-driven risk aversion and reduced demand for commodity exports also weigh on the currency.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-tumbles-to-11-week-low-as-coronavirus-power-cuts-weigh/

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