# S.African rand weakens on stimulus nerves; IMF forecast lifts lira | Financial Post

> The South African rand weakened about 0.6% to extend losses to a fourth session, pressured by uncertainty over a $1.9 trillion US stimulus plan and South Africa's fiscal health. The Turkish lira gained after the IMF raised its 2021 growth forecast for Turkey to 6%.

- Date: 2021-01-26 · published 2021-01-26T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/49432-s-african-rand-weakens-on-stimulus-nerves-imf-forecast-lifts-lira-financial-post
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Emerging-market currency weakness against the dollar lifts import costs for feed buyers in South Africa, and stimulus uncertainty affects the dollar's direction and commodity pricing.

## Read by commodity

- DXY: neutral
- USDZAR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-10-13 | [S.Korea's won and Philippine peso rise, U.S. inflation in focus \| Financial Post](https://feedsoft.ai/events/44799-s-korea-s-won-and-philippine-peso-rise-u-s-inflation-in-focus-financial-post.md) | -1.0% | -0.9% |
| DXY | 2019-09-18 | [Fed cuts interest rates again, gives mixed signals on next move \| Financial Post](https://feedsoft.ai/events/56974-fed-cuts-interest-rates-again-gives-mixed-signals-on-next-move-financial-post.md) | +0.2% | -0.3% |
| DXY | 2017-06-14 | [Stocks fall, dollar pares losses after Fed forges ahead with rate hike - Financial Post](https://feedsoft.ai/events/10199-stocks-fall-dollar-pares-losses-after-fed-forges-ahead-with-rate-hike-financial.md) | +0.6% | -0.9% |
| DXY | 2019-09-20 | [Take Five: U.S. money market ruckus - one-off or warning? \| Financial Post](https://feedsoft.ai/events/57276-take-five-u-s-money-market-ruckus-one-off-or-warning-financial-post.md) | +0.5% | -0.8% |
| DXY | 2020-09-17 | [Dollar's post Fed gains fizzle as long rate pause seen \| Financial Post](https://feedsoft.ai/events/51284-dollar-s-post-fed-gains-fizzle-as-long-rate-pause-seen-financial-post.md) | +1.6% | +0.6% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/s-african-rand-weakens-on-stimulus-nerves-imf-forecast-lifts-lira

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