# Rand’s Ramaphosa rally runs out of steam as caution returns - Moneyweb

> The rand has gained about 13% against the dollar since a one-year low on November 13, but its rally has stalled after Ramaphosa's ANC win. Derivatives markets suggest the currency is vulnerable to a selloff, and it slipped 0.2% to 12.72 per dollar.

- Date: 2017-12-20 · published 2017-12-20T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/67757-rand-s-ramaphosa-rally-runs-out-of-steam-as-caution-returns-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

The stalling rand signals limited further currency-driven easing of South African import costs. Feed buyers see little direct price effect.

## Read by commodity

- USDZAR: neutral

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/south-africa/rands-ramaphosa-rally-runs-out-of-steam-as-caution-returns/

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