# The South African Rand Remains On Road to Recovery, Analysts Say, after GDP Surprise

> The rand rebounded from early-week lows on July 1 as global risk appetite recovered, despite a better-than-expected GDP print. Investec expects the currency to stay on a volatile recovery path into year-end. Investors had responded more to coronavirus trends in Florida than to domestic economic news.

- Date: 2020-06-30 · published 2020-06-30T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/52909-the-south-african-rand-remains-on-road-to-recovery-analysts-say-after-gdp
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A firmer rand lowers the local cost of imported feed ingredients and corn-based inputs priced in dollars. The gain depends on global risk sentiment, so it may reverse quickly.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/zar/13600-south-african-rand-remains-on-road-to-recovery-analysts-say-after-gdp-surprise

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