# Rand set for 3% weekly gain after Moody’s review delay - Moneyweb

> The rand was on course for weekly gains of about 3% against the dollar, supported by Moody's decision to delay a credit rating review and by optimism over US-China trade talks. Moody's kept South Africa's sovereign rating at investment grade. The rand traded at about 14.09 per dollar in early trade.

- Date: 2019-04-05 · published 2019-04-05T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/59859-rand-set-for-3-weekly-gain-after-moody-s-review-delay-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Keeping South Africa's last investment-grade rating supports foreign capital inflows and a firmer rand, which lowers the local cost of imported feed ingredients. The effect on agricultural prices is indirect.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-set-for-3-weekly-gain-after-moodys-review-delay/

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