# Rand bashed by uncertainty

> The rand fell as much as 1.6 percent on Monday alongside the rouble, pressured by weaker commodity and oil prices and by reports of a cabinet reshuffle. Emerging-market currencies broadly declined.

- Date: 2017-01-31 · published 2017-01-31T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/73260-rand-bashed-by-uncertainty
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Lower oil and commodity prices combined with a weaker rand signal softer risk sentiment, with limited direct impact on feed commodity prices.

## Read by commodity

- WTI: bearish ▼
- USDZAR: bullish ▲

## Sources

- businessreport.co.za: https://businessreport.co.za/markets/2017-01-31-rand-bashed-by-uncertainty/

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