# Rand’s undeserved rally gives SA some breathing space - Moneyweb

> The rand is on track for its worst February in over a decade, down 4.4% against the dollar, yet it remains one of the top five emerging-market currencies this year. Carry appeal, a commodity rally and US-China trade progress have offset South Africa's political and fiscal risks, according to ING.

- Date: 2019-02-26 · published 2019-02-26T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/60876-rand-s-undeserved-rally-gives-sa-some-breathing-space-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Strong carry demand and a firmer rand lower the local-currency cost of dollar-priced imports, which supports South African buyers, though the currency remains exposed to a possible credit downgrade.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rands-undeserved-rally-gives-sa-some-breathing-space/

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