# Rand’s resilience showing cracks as headwinds rise - Moneyweb

> Citigroup and Morgan Stanley warn that the rand's outperformance this quarter is likely to end because of South Africa's recession, junk ratings and political problems. Foreign bond outflows in June are cited as an early sign of a reversal.

- Date: 2017-06-30 · published 2017-06-30T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/70777-rand-s-resilience-showing-cracks-as-headwinds-rise-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A weaker rand would raise the local cost of imported feed inputs and could push South African feed buyers toward higher domestic prices. The note is an outlook rather than a supply or demand shock.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/markets/rands-resilience-showing-cracks-as-south-africa-headwinds-rise/

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