# Rand weakens by more than 3% to US dollar - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

> The rand weakened about 3.3% against the dollar in August, trading as weak as R15.11 before closing at R15.07. Pressure came from escalating US-China trade tensions and a scathing Moody's review questioning Eskom's financial sustainability. Moody's is the last of the three major agencies that still rate South Africa above junk.

- Date: 2019-08-07 · published 2019-08-07T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/57886-rand-weakens-by-more-than-3-to-us-dollar-sabc-news-breaking-news-special
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

The weaker rand raises the cost of imported inputs, including oil and feed ingredients priced in dollars, which can feed through to South African feed costs.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- sabcnews.com: https://www.sabcnews.com/sabcnews/rand-weakens-by-more-than-3-to-us-dollar/

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