# South African Rand Seen Rising Further by Month-end but Thursday's SARB Decision a Banana Skin

> The rand rose alongside the Chinese yuan and stock markets, with gains building on expectations of further lockdown relaxation in South Africa. Investec sees further rand gains before month-end, though the South African Reserve Bank's rate decision on Thursday is a risk.

- Date: 2020-09-15 · published 2020-09-15T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/51399-south-african-rand-seen-rising-further-by-month-end-but-thursday-s-sarb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A firmer rand lowers South African feed import costs, but the report is currency commentary without a supply or demand change for grains or feed.

## Read by commodity

- USDCNY: bearish ▼
- USDZAR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2017-09-08 | [Across The Border \| China’s huge currency rally could have further to go, analysts say \| South China Morning Post](https://feedsoft.ai/events/7798-across-the-border-china-s-huge-currency-rally-could-have-further-to-go-analysts.md) | +1.1% | +2.6% |
| USDCNY | 2025-11-26 | [China sets strongest yuan fix in over a year as Fed-cut bets rise \| South China Morning Post](https://feedsoft.ai/events/22172-china-sets-strongest-yuan-fix-in-over-a-year-as-fed-cut-bets-rise-south-china.md) | -0.3% | -1.0% |
| USDCNY | 2017-07-30 | [China's yuan firms on stronger fixing, set for the 3rd winning month - The Business Times](https://feedsoft.ai/events/70191-china-s-yuan-firms-on-stronger-fixing-set-for-the-3rd-winning-month-the.md) | -0.1% | -1.3% |
| USDCNY | 2019-07-31 | [Opinion \| Why China may be ready for a strong yuan, and the US could follow up with a weak dollar policy \| South China Morning Post](https://feedsoft.ai/events/58328-opinion-why-china-may-be-ready-for-a-strong-yuan-and-the-us-could-follow-up.md) | +2.0% | +4.0% |
| USDCNY | 2025-09-16 | [The Chinese yuan's balancing act fuels both opportunity and friction](https://feedsoft.ai/events/23114-the-chinese-yuan-s-balancing-act-fuels-both-opportunity-and-friction.md) | -0.1% | +0.3% |

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/zar/14135-south-african-rand-could-rise-further-by-month-end-investec-says-but-next-sarb-decision-is-a-risk

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