# USD/ZAR: Unlikely to fall beyond the 14.60 area – Credit Suisse — Octa

> Credit Suisse lowered its USD/ZAR target to 14.60 from 14.90, citing better global conditions and a rally in metals prices. The bank said it was sceptical that the pair would fall much below that level in the short run. It pointed to the budget due on February 24 and a recent rise in US real yields as risks.

- Date: 2021-02-17 · published 2021-02-17T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/48934-usd-zar-unlikely-to-fall-beyond-the-14-60-area-credit-suisse-octa
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

The forecast suggests the rand is unlikely to strengthen much further in the near term, so local import costs for feed ingredients are unlikely to fall sharply. The impact on global feed prices is minimal.

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/883099/

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