# South African Rand Breaches 15 per Dollar as Economic Woes Mount - Bloomberg

> South Africa's rand weakened past 15 per dollar for the first time since October after the country's worst quarterly economic contraction in a decade. A ruling-party debate over the central bank's mandate added to the pressure.

- Date: 2019-06-06 · published 2019-06-06T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/58877-south-african-rand-breaches-15-per-dollar-as-economic-woes-mount-bloomberg
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A weaker rand makes South African feed-grade exports cheaper but raises the local cost of imported feed inputs such as soybean meal and corn for South African buyers.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2019-06-06/south-african-rand-weakens-above-15-usd-first-time-since-oct

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