# South African Rand: Credit Suisse Lower Forecasts

> Credit Suisse lowered its forecasts for the South African rand, arguing that upside is limited as the current account surplus narrows and repatriation flows and carry support fade. The rand had been one of the best performers among G10 and developing-market currencies this year, supported by commodity exports. Credit Suisse also cited improved fiscal sentiment.

- Date: 2022-04-21 · published 2022-04-21T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/42130-south-african-rand-credit-suisse-lower-forecasts
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A weaker rand outlook raises the expected cost of imported feed ingredients for South African buyers. The forecast is a currency view rather than a direct commodity driver.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/zar/16833-south-african-rand-credit-suisse-lower-forecasts

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