# Counterpoint: The rand could overshoot and strengthen to 11 to the US dollar - Moneyweb

> A Counterpoint Asset Management executive said the rand could overshoot its purchasing-power-parity fair value of about 13.50 and strengthen toward 11 per dollar. He cited foreign buying of local bonds and high commodity prices as drivers, though he said this is not the firm's base case.

- Date: 2021-05-28 · published 2021-05-28T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/47381-counterpoint-the-rand-could-overshoot-and-strengthen-to-11-to-the-us-dollar
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

This is an analyst forecast rather than a new event, but it signals that rand strength could persist and keep dollar-priced feed imports cheaper for South African buyers.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/south-africa/counterpoint-the-rand-could-overshoot-and-strengthen-to-11-to-the-us-dollar/

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