# Rand has the Fed to thank for limiting damage inflicted by Eskom - Moneyweb

> The rand has weakened about 1% against the dollar in July, pressured by Eskom's financial crisis and the strain on government finances. Expectations of a Federal Reserve rate cut on Wednesday have limited the losses as investors keep money flowing into high-yielding assets. The rand's implied carry is at its highest since May 2018.

- Date: 2019-07-31 · published 2019-07-31T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/58384-rand-has-the-fed-to-thank-for-limiting-damage-inflicted-by-eskom-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A weaker rand raises the local cost of imported feed ingredients priced in dollars, while a Fed cut could ease pressure on the currency.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-has-the-fed-to-thank-for-limiting-damage-inflicted-by-eskom/

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