# South Africa's rand rises on S&P ratings reprieve

> The rand firmed early on Monday as investors chased high yields after S&P kept South Africa's sovereign rating while moving its outlook to negative. The rand was about 14.68 per dollar and bonds gained.

- Date: 2019-11-27 · published 2019-11-27T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/56358-south-africa-s-rand-rises-on-s-and-p-ratings-reprieve
- 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 inputs, although the effect is limited because the rating was not cut.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- clubofmozambique.com: https://clubofmozambique.com/news/south-africas-rand-rises-on-sp-ratings-reprieve/

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