# History suggests rebound for the rand after awful August - Moneyweb

> The rand fell about 6% against the dollar over the past month, its biggest monthly drop in a year, as the escalating US-China trade war hit emerging-market assets. Eskom's problems also raised concerns about South Africa's fiscal outlook. Historically the rand has often rebounded in September after an August slump.

- Date: 2019-08-31 · published 2019-08-31T12:00:00.000Z
- Category: macro · region South Africa · magnitude medium
- Page: https://feedsoft.ai/events/57880-history-suggests-rebound-for-the-rand-after-awful-august-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

The sharp rand depreciation makes dollar-priced feed ingredients more expensive for South African buyers, and a September rebound would ease that pressure.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/history-suggests-rebound-for-the-rand-after-awful-august/

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