# The rand is underperforming its peers and this is why - Moneyweb

> The rand slumped to lead emerging-market currency declines as investors fled riskier assets, following weak GDP data. Analysts at Nedbank and Nomura pointed to a dollar-liquidity squeeze and domestic drivers, and Manulife said a move above 14 would be overdone.

- Date: 2018-06-08 · published 2018-06-08T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/64820-the-rand-is-underperforming-its-peers-and-this-is-why-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Rand weakness raises the cost of imported feed ingredients for South African buyers, and the selloff reflects dollar strength that makes dollar-priced commodities more expensive locally.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/economy/the-rand-is-underperforming-its-peers-and-this-is-why/

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