# USD/ZAR targets 15.00 as South Africa’s developments take a back seat – Credit Suisse — Octa

> Credit Suisse raised its short-term USD/ZAR target to 15.00 from 14.60, expecting the pair to range-trade as the rand's sensitivity to U.S. yields declines. The bank said a break below 14.40 or above 15.60 would require a major change in the global picture.

- Date: 2021-03-31 · published 2021-03-31T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/48417-usd-zar-targets-15-00-as-south-africa-s-developments-take-a-back-seat-credit
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

The forecast points to a rand that stays broadly stable around 15 per dollar, so import costs for South African feed buyers are unlikely to shift sharply in the near term.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/892170/

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