# Rand slips ahead of Moody’s rates decision - Moneyweb

> The rand weakened on Thursday as traders took profits ahead of Moody's sovereign credit review due Friday. Naspers fell 4.6% after announcing a sale of part of its Tencent stake. The rand was 0.63% weaker at 11.89 per dollar.

- Date: 2018-03-22 · published 2018-03-22T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/66287-rand-slips-ahead-of-moody-s-rates-decision-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

The move reflects positioning ahead of a ratings decision rather than a new fundamental shift, so its effect on feed costs is minor.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-slips-ahead-of-moodys-rates-decision/

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