# Is rand weakness a foregone conclusion?

> A PSG fund manager argues the rand may stay stronger than expected for a sustained period, even though many local managers see it as overvalued. He notes that purchasing power parity suggests the currency is undervalued and that South African bonds and equities remain attractive.

- Date: 2018-05-30 · published 2018-05-30T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/65294-is-rand-weakness-a-foregone-conclusion
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

This is opinion on currency direction with no new supply or demand shock, so it has little direct effect on feed commodity prices.

## Sources

- fanews.co.za: https://www.fanews.co.za/article/investments/8/economy/1021/is-rand-weakness-a-foregone-conclusion/24580

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