# Stun grenades just a hiccup for rand that’s seen darker days - Moneyweb

> The rand is among the world's top ten performers this year despite speculation that President Jacob Zuma may fire Finance Minister Pravin Gordhan. The currency barely moved after political unrest in parliament, and credit default swaps fell to their lowest level since 2014. Investors are more worried about faster US rate hikes and Donald Trump's trade policies.

- Date: 2017-02-16 · published 2017-02-16T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/72789-stun-grenades-just-a-hiccup-for-rand-that-s-seen-darker-days-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Lower South African political risk supports a firmer rand, which lowers the local cost of dollar-priced feed imports. US rate and trade risks remain the main external factors for the currency.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/markets/stun-grenades-just-a-hiccup-for-rand-thats-seen-darker-days/

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