# Rand Vulnerable to Depreciation due to Offshore Factors say Commerzbank

> Commerzbank analysts expect the rand to depreciate through 2018 after its strong start to the year, forecasting USD/ZAR to rise about 4% by year end. They cite Federal Reserve rate increases, trade tensions, the Syrian conflict and domestic reform fatigue as risks.

- Date: 2018-04-17 · published 2018-04-17T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/65809-rand-vulnerable-to-depreciation-due-to-offshore-factors-say-commerzbank
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Expected rand weakness raises the rand cost of imported feed ingredients and fuels for South African buyers, while global trade and rate risks may dampen emerging-market demand.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/zar/8899-south-african-rand-to-depreciate-as-offshore-factors-weigh-says-commerzbank

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