# Rand weakens over strong dollar, Zuma - Moneyweb

> The rand weakened about 1.1% against the dollar on Tuesday as the greenback recovered and President Zuma survived a push to make him step down. The ANC reaffirmed its backing for Zuma, and bond yields rose. Analysts said emerging-market currencies were weighed by a stronger US GDP print.

- Date: 2016-11-29 · published 2016-11-29T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/74127-rand-weakens-over-strong-dollar-zuma-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A weaker rand lifts the rand cost of dollar-priced feed ingredients for South African buyers. The move reflects broad dollar strength as much as local politics.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-weakens-over-strong-dollar-zuma/

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