# Rand bears in ascendance as risks stack up from Moody’s to poll - Moneyweb

> The rand was down 1.8% in March after a 6.8% loss in February, erasing its year-to-date gain. Foreign investors sold South African bonds at the fastest pace since November, and traders are wary of a Moody's review at month-end and May elections.

- Date: 2019-03-11 · published 2019-03-11T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/60381-rand-bears-in-ascendance-as-risks-stack-up-from-moody-s-to-poll-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Heightened rand volatility and capital outflows raise the local currency cost of imported feed ingredients for South African buyers, without a direct global grain price impact.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-bears-in-ascendance-as-risks-stack-up-from-moodys-to-poll/

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