# Is South Africa edging out Turkey as the big EM short?

> A Reuters analysis asks whether South Africa is replacing Turkey as the main emerging-market short. It notes the rand is down about 20% since February and that foreign holdings of local government debt have fallen.

- Date: 2019-06-20 · published 2019-06-20T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/58878-is-south-africa-edging-out-turkey-as-the-big-em-short
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Currency weakness and foreign selling in South Africa affect the rand-denominated cost of imported feed ingredients, though the link to grain prices is indirect.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/article/us-emerging-safrica-shorts/is-south-africa-edging-out-turkey-as-the-big-em-short-idUSKCN1TL0IP/

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