# Goldman cheers as rand heads for best-ever start to a year - Moneyweb

> Goldman Sachs said the rand is heading for its biggest January gain against the dollar since Bloomberg began compiling the data, having risen about 5% so far this month. The bank remains constructive on the currency, citing a dovish Federal Reserve, growth and inflation trends, and government steps to stabilise Eskom.

- Date: 2019-01-28 · published 2019-01-28T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/61380-goldman-cheers-as-rand-heads-for-best-ever-start-to-a-year-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Goldman's outlook points to continued rand strength, which lowers the rand cost of dollar-priced feed imports. Feed prices in South Africa are affected only indirectly, through currency translation.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/economy/goldman-cheers-as-rand-heads-for-best-ever-start-to-a-year/

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