# Rand’s luck may be about to run out as indicator flashes warning - Moneyweb

> The rand gained 0.3% to 13.3846 per dollar after strengthening 7.4% in January, its best start to a year since Bloomberg began tracking the data in 1998. The dollar's 14-day relative strength indicator against the rand fell below 30 for the first time in a year, a level some traders read as a sign the dollar has fallen too far.

- Date: 2019-01-31 · published 2019-01-31T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/61378-rand-s-luck-may-be-about-to-run-out-as-indicator-flashes-warning-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A stronger rand makes South African imports cheaper in dollar terms and has little direct effect on feed grain supply or demand. Analysts warn of a possible pullback, so the currency move is unlikely to change feed commodity prices on its own.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rands-luck-may-be-about-to-run-out-as-indicator-flashes-warning/

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