# SA Rand Steady; Focus On Unemployment - African Leadership Magazine

> The rand held steady near a four-week low after Fitch lowered its outlook on South Africa's sub-investment-grade rating and Moody's called the Eskom support plan credit negative. Attention moved to the Fed decision and local employment and trade data.

- Date: 2019-07-30 · published 2019-07-30T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/58388-sa-rand-steady-focus-on-unemployment-african-leadership-magazine
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Fiscal and rating pressure weakens the rand and can raise the dollar cost of imported feed inputs.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- africanleadershipmagazine.co.uk: https://www.africanleadershipmagazine.co.uk/sa-rand-steady-focus-on-unemployment/

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