# South African Rand Seen Drawing Support from Fed Retreat in March but Moody's May Gatecrash the Party Soon After

> Investec economists expect the rand to extend its rally in March, supported by Trump's decision to delay tariff increases on Chinese goods and a more patient Federal Reserve. They warn that Moody's could downgrade South Africa's rating at the end of the month, which would weigh on the currency.

- Date: 2019-02-26 · published 2019-02-26T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/60877-south-african-rand-seen-drawing-support-from-fed-retreat-in-march-but-moody-s
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A firmer rand would ease the local cost of dollar-priced feed imports, but a credit downgrade would likely reverse that gain and raise financing costs.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/zar/10932-rand-seen-drawing-support-from-fed-retreat-in-march-but-moody-s-may-gatecrash-the-party-soon-after

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