# Rand weaker as investors calculate impact of China virus - Moneyweb

> The rand opened weaker on Monday as investors assessed the economic impact of China's coronavirus outbreak. It traded at 14.48 per dollar, 0.59% lower than Friday's New York close. Global markets fell and demand for safe-haven assets rose.

- Date: 2020-01-27 · published 2020-01-27T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/55375-rand-weaker-as-investors-calculate-impact-of-china-virus-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Risk-off flows and weaker expected Chinese demand for commodities push up the dollar price of imports for South African feed buyers.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-weaker-as-investors-calculate-impact-of-china-virus/

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