# Cocktail of negatives is keeping battered rand on the back foot - Moneyweb

> The rand fell 2.5% in the week to 14.95 per dollar, its biggest weekly loss since February, after GDP data showed the worst quarterly performance since 2009. Analysts flagged political infighting at the ANC and concerns about state-owned enterprises such as Eskom and South African Airways.

- Date: 2019-06-09 · published 2019-06-09T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/58883-cocktail-of-negatives-is-keeping-battered-rand-on-the-back-foot-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Rand weakness raises the local-currency cost of imported feed ingredients for South African livestock and poultry producers.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/cocktail-of-negatives-is-keeping-battered-rand-on-the-back-foot/

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