# UPDATE 1-S.Africa's Rand Claws Back Losses; Political Uncertainty Dashes Rate Cut Hopes | Naija247news

> The rand recovered some losses on March 30 after falling more than 5% since Zuma ordered Gordhan home from Britain. Reports that Zuma may offer to step down next year, and political uncertainty, removed expectations of a near-term rate cut.

- Date: 2017-03-31 · published 2017-03-31T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/72275-update-1-s-africa-s-rand-claws-back-losses-political-uncertainty-dashes-rate
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Currency volatility and dashed rate-cut hopes keep South African financing costs high, a limited direct factor for feed commodity prices.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- naija247news.com: https://naija247news.com/update-1-s-africas-rand-claws-back-losses-political-uncertainty-dashes-rate-cut-hopes/

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