# Rand strength unlikely to last

> The rand has held up well this quarter despite recession, junk ratings and political problems, but Citigroup and Morgan Stanley expect the gains to fade. Foreign investors sold South African bonds heavily on Wednesday, and policy tightening by major central banks may reduce emerging-market inflows.

- Date: 2017-06-30 · published 2017-06-30T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/70782-rand-strength-unlikely-to-last
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A weaker rand and reduced foreign bond demand would raise the cost of imported feed inputs for South African buyers. The effect on global feed markets is minor.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- techcentral.co.za: https://techcentral.co.za/rand-strength-unlikely-last/198234/

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