# Rand slips to new 11 month worst as local politics weigh - Moneyweb

> The rand weakened to a new 11-month low of R15.33 per dollar, with a session-worst of R15.45. Pressure came from local political uncertainty and the US-China trade standoff, after Trump said he was not ready to make a deal with China. The rand had shed nearly 10% in two weeks.

- Date: 2019-08-12 · published 2019-08-12T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/57884-rand-slips-to-new-11-month-worst-as-local-politics-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 dollar-priced feed imports, and continued trade tensions keep emerging-market currencies under pressure.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-slips-to-new-11-month-worst-as-local-politics-weigh/

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