# Rand slips to two-week trough - Moneyweb

> South Africa's rand slipped to a two-week low of 13.1150 per dollar after Moody's said the central bank's July 20 rate cut signalled growing political pressure on monetary policy. Moody's kept South Africa's debt at investment grade with a negative outlook. The JSE All-Share index hit a record high, helped by rand-sensitive exporters.

- Date: 2017-07-31 · published 2017-07-31T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/70255-rand-slips-to-two-week-trough-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A weaker rand raises the local-currency cost of imported feed ingredients such as soymeal and corn, while Moody's warning raises the risk of a future downgrade that could weigh on the currency further.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-stutters-around-13-mark-ahead-of-trade-data/

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