# Rand recovers as budget risk draws nearer

> The rand recovered on Tuesday after touching a four-month low of 15.19 per dollar in a global risk sell-off. Traders cited profit-taking after the dollar's rally and positioning ahead of the budget speech, and analysts pointed to South Africa's power cuts and debt trajectory.

- Date: 2020-03-01 · published 2020-03-01T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/54869-rand-recovers-as-budget-risk-draws-nearer
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

The rebound reduces short-term import cost pressure for South African feed buyers, but the rand remains exposed to the budget and the Moody's review.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-recovers-as-budget-risk-draws-nearer/

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