# The South African Rand will Rise Further, but Buyers Beware says Credit Suisse

> The rand rose about 2% against the dollar and pound after ECB President Draghi signaled possible new stimulus for the eurozone. Credit Suisse expects further gains but warns that the rally could reverse quickly.

- Date: 2019-06-18 · published 2019-06-18T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/58881-the-south-african-rand-will-rise-further-but-buyers-beware-says-credit-suisse
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Expected ECB easing pushes capital toward emerging-market currencies such as the rand, which lowers South African import costs for feed ingredients.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/zar/11539-the-south-african-rand-will-rise-further-but-buyers-beware-says-credit-suisse

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