# Rand slightly weaker ahead of trade data - Moneyweb

> The South African rand was 0.1% weaker at 15.34 per dollar early on Friday, giving back some of the previous day's gains. Traders were positioning for a possible retest of 15.50, with local trade and budget data due later in the session. Sentiment toward emerging markets remained negative amid the US-China trade stalemate and Argentina's debt crisis.

- Date: 2019-08-30 · published 2019-08-30T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/57879-rand-slightly-weaker-ahead-of-trade-data-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A weaker rand raises the cost of rand-denominated imports, and South Africa is a feed-importing market, so the move slightly lifts the local cost of imported feed inputs.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-slightly-weaker-ahead-of-trade-data/

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