# Anchor rand view: Rand remains out of favour - Anchor Capital

> Anchor Capital says the rand remains out of favour after last week's political turmoil and weak GDP data showing a 3.2% contraction in Q1. The rand traded at R14.78 per dollar, which it considers outside its fair range, and the firm expects only a gradual recovery.

- Date: 2019-06-11 · published 2019-06-11T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/58884-anchor-rand-view-rand-remains-out-of-favour-anchor-capital
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A persistently weak rand keeps South African feed import costs elevated, while a weaker US dollar provides only partial relief.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- anchorcapital.co.za: https://anchorcapital.co.za/macro-research/anchor-rand-view-us-jobs-numbers-weigh-on-dollar-as-rand-remains-out-of-favour/

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