# Barclays sees rand strength near-term on valuation, rates By Investing.com

> Barclays expects the rand to strengthen in the near term, citing a model estimate that it is about 1% undervalued. The bank says the South African Reserve Bank's tightening path supports the currency in the short run. Over the medium term, Barclays expects USD/ZAR to rise as the dollar gains.

- Date: 2026-06-30 · published 2026-06-30T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/19098-barclays-sees-rand-strength-near-term-on-valuation-rates-by-investing-com
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

This is a bank forecast rather than a new event, and it indicates a near-term firmer rand, which lowers USD/ZAR. Its effect on feed costs for South African buyers is small.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- investing.com: https://www.investing.com/news/forex-news/barclays-sees-rand-strength-nearterm-on-valuation-rates-93CH-4769090

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