# The Rand Perks Up on Ramaphosa's Reforms as Analysts Look for More Gains

> The rand rose more than 3% against the dollar in the week, reaching 14.45 after President Ramaphosa's State-of-the-Nation address outlined economic reform plans, including measures for the power utility Eskom. The gains were also supported by Fed rate-cut expectations and the US-China trade truce.

- Date: 2019-06-21 · published 2019-06-21T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/58880-the-rand-perks-up-on-ramaphosa-s-reforms-as-analysts-look-for-more-gains
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A stronger rand lowers South African import costs for feed ingredients, though the effect on global feed prices is minimal.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/zar/11558-rand-perks-up-on-rampahosa-s-reform-plans-as-analysts-look-for-more-gains

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