# South Africa’s troubled rand has turned the corner against the US dollar

> The rand pushed past 12 per dollar on January 24, reaching 11.95 at the Johannesburg close, its first break of that level since 2015. The currency's recovery is attributed to the dollar's weakness, Ramaphosa's anti-corruption push, and expectations that President Zuma may step down.

- Date: 2018-01-25 · published 2018-01-25T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/67277-south-africa-s-troubled-rand-has-turned-the-corner-against-the-us-dollar
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A firmer rand lowers the cost of imported feed ingredients priced in dollars for South African buyers. The move reflects local politics and currency factors and does not change global feed supply.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- qz.com: https://qz.com/africa/1188420/south-african-rand-zar-is-up-versus-the-us-dollar-first-time-since-2015

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