# South African Rand Rally Fades as Large Order Flow Seen Melting Away

> The rand retreated from its August highs on Wednesday as a large one-off currency order flow appeared to fade. Despite gains in stocks, oil and gold, the rand underperformed other emerging-market currencies. Traders suggested a large time-weighted average price order had been executed.

- Date: 2020-08-26 · published 2020-08-26T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/51912-south-african-rand-rally-fades-as-large-order-flow-seen-melting-away
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Short-lived flow-driven rand moves have little lasting effect on feed import costs. Buyers should watch for a sustained trend before adjusting pricing.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/zar/13991-south-african-rand-rally-fades-as-large-order-flow-seen-melting-away

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