# South Africa's Rand Steadies After Slipping to 7-Month Low - SA People

> The rand steadied after slipping to a seven-month low of 13.9375 per dollar on Wednesday, its weakest since late November. Broad dollar gains and conflicting US signals on restricting Chinese investment kept markets on edge. Nedbank flagged possible support near 13.74-13.76 and resistance around 14.00.

- Date: 2018-06-28 · published 2018-06-28T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/64818-south-africa-s-rand-steadies-after-slipping-to-7-month-low-sa-people
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A weak rand lifts the local-currency cost of imported feed and energy, while the trade-war backdrop reinforces firm dollar strength that pressures emerging-market buying power.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- sapeople.com: https://www.sapeople.com/fab-south-african-stuff/south-africas-rand-steadies-after-slipping-to-7-month-low/

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