# South African Rand Chips away at Undervaluation on Fed Tailwind

> The rand chipped away at its long-standing undervaluation against the dollar after the Federal Reserve signalled it would keep policy loose and not taper soon. The currency outperformed most developed and emerging-market peers. Analysts see USD/ZAR nearing a fair value near 14.0.

- Date: 2021-04-29 · published 2021-04-29T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/47904-south-african-rand-chips-away-at-undervaluation-on-fed-tailwind
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Continued rand gains would lower the local cost of dollar-priced feed imports. A Fed-driven dollar rebound would reverse this, so feed buyers face currency-driven price swings.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/zar/15356-south-african-rand-chips-away-at-undervaluation-on-fed-tailwind

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