# Investors Flee South African Rand Ahead of Rating Review - WSJ

> Investors sold the South African rand ahead of a credit rating review by Moody's, scheduled for the following day. The text is truncated, so the full scale of the move is not available.

- Date: 2019-10-31 · published 2019-10-31T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/56862-investors-flee-south-african-rand-ahead-of-rating-review-wsj
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A weaker rand raises the local cost of dollar-priced feed ingredients for South African buyers and adds to pressure on import costs. Impact on global feed prices is limited.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- wsj.com: https://www.wsj.com/articles/investors-flee-south-african-rand-ahead-of-rating-review-11572551165

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