# USD/ZAR: Rand is likely to increasingly struggle – Commerzbank — Octa

> Commerzbank says the rand is likely to struggle as the South African Reserve Bank raised its key rate by 50 basis points to 4.75%. The vote was not unanimous, and the bank expects the rand to trend weaker over the medium term.

- Date: 2022-05-20 · published 2022-05-20T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/41699-usd-zar-rand-is-likely-to-increasingly-struggle-commerzbank-octa
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Expected rand weakness raises the local-currency cost of dollar-priced feed and fertilizer imports. The effect is modest and mainly affects South African buyers.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/972469/

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