# Rand defies pressure: US tariffs fail to weaken currency’s surge against the Dollar

> The rand has traded near R17.33 per dollar, supported by doubts about US economic leadership and the dollar's weaker premium. US tariffs have pushed investors toward emerging-market currencies. The Federal Reserve's 25-basis-point cut the previous week was the first since October 2024.

- Date: 2025-09-23 · published 2025-09-23T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/23181-rand-defies-pressure-us-tariffs-fail-to-weaken-currency-s-surge-against-the
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Tariff-driven dollar weakness supports emerging-market currencies, lowering the rand cost of dollar-priced feed imports for South African buyers. Continued Fed easing could sustain the trend.

## Read by commodity

- DXY: bearish ▼
- USDZAR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-05-05 | [Dollar weakens against major currencies as markets weigh tariff uncertainty](https://feedsoft.ai/events/9622-dollar-weakens-against-major-currencies-as-markets-weigh-tariff-uncertainty.md) | +0.0% | -1.1% |
| DXY | 2025-07-02 | [U.S. dollar to stay under pressure from tariff, debt and rate cut expectations](https://feedsoft.ai/events/23958-u-s-dollar-to-stay-under-pressure-from-tariff-debt-and-rate-cut-expectations.md) | +0.3% | +1.7% |
| DXY | 2023-07-13 | [Fund Investors Bet Against US Dollar After Fed Rate Hikes, Currency Weakening - Bloomberg](https://feedsoft.ai/events/9982-fund-investors-bet-against-us-dollar-after-fed-rate-hikes-currency-weakening.md) | -0.2% | +1.6% |
| DXY | 2020-07-29 | [Even the loonie is rising against the U.S. dollar as the Fed faces currency threat: Don Pittis \| CBC News](https://feedsoft.ai/events/52356-even-the-loonie-is-rising-against-the-u-s-dollar-as-the-fed-faces-currency.md) | +0.4% | -0.4% |
| DXY | 2020-11-09 | [Ringgit surges against US dollar at close \| Malay Mail](https://feedsoft.ai/events/50409-ringgit-surges-against-us-dollar-at-close-malay-mail.md) | -0.1% | -1.7% |

## Sources

- iol.co.za: https://iol.co.za/business/economy/2025-09-23-rand-defies-pressure-us-tariffs-fail-to-weaken-currencys-surge-against-the-dollar/

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