# USD/ZAR to climb towards 15.40 by year-end – MUFG — Octa

> MUFG Bank expects USD/ZAR to rise toward 15.40 by year-end after the rand weakened sharply in September. The forecast cites global growth worries, supply constraints, a possible Evergrande default and a more hawkish Fed. MUFG sees the rand returning to its August high of 15.40 in Q4.

- Date: 2021-10-04 · published 2021-10-04T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/44855-usd-zar-to-climb-towards-15-40-by-year-end-mufg-octa
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A forecast of a weaker rand suggests higher rand costs for imported feed ingredients through year-end. The forecast is an analyst view rather than a new supply or demand event.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/928334/

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