# South African Rand Forecast To Strengthen In Near-Term - Sell USD/ZAR Now But Long-Term Trend Is A Buy

> A forecast from Swissquote analysts expects the USD/ZAR to remain near R14.4 support and recommends selling the pair in the near term. The rand was trading around R14.42 after the dollar softened on expectations of Fed rate cuts.

- Date: 2019-05-23 · published 2019-05-23T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/59383-south-african-rand-forecast-to-strengthen-in-near-term-sell-usd-zar-now-but
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A forecast of a stronger rand would lower the local cost of imported feed inputs. It is a technical view with limited direct effect on feed prices.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/25922/2019-05-23-south-african-rand-forecast-to-rebound-sell-usdzar-now-but-longterm-trend-is-a-buy.html

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