# Currencies slip as dollar gains on safe-haven demand, rand drops 1% | Financial Post

> Emerging market currencies fell against the dollar as investors sought safe-haven assets amid renewed coronavirus curbs in Europe and the UK. The South African rand dropped about 1%, and the Turkish lira hit a record low at 7.68.

- Date: 2020-09-23 · published 2020-09-23T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/51393-currencies-slip-as-dollar-gains-on-safe-haven-demand-rand-drops-1-financial-post
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A stronger dollar and weaker emerging currencies make dollar-denominated feed ingredients more expensive for importers in those markets, while pressuring US export competitiveness is limited.

## Read by commodity

- DXY: bullish ▲
- USDZAR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-03-31 | [Yen declines on year-end U.S. dollar demand \| Financial Post](https://feedsoft.ai/events/54348-yen-declines-on-year-end-u-s-dollar-demand-financial-post.md) | +0.7% | +0.5% |
| DXY | 2021-12-09 | [Strong dollar weighs on Latin American currencies \| Financial Post](https://feedsoft.ai/events/43821-strong-dollar-weighs-on-latin-american-currencies-financial-post.md) | +0.8% | -0.3% |
| DXY | 2022-09-26 | [Asian currencies plumb multi-year lows as safe-haven demand lifts dollar \| Malaysiakini](https://feedsoft.ai/events/39863-asian-currencies-plumb-multi-year-lows-as-safe-haven-demand-lifts-dollar.md) | +0.2% | +0.6% |
| DXY | 2021-05-13 | [Soybeans retreat from 8-1/2-year high as dollar holds gains \| Financial Post](https://feedsoft.ai/events/12368-soybeans-retreat-from-8-1-2-year-high-as-dollar-holds-gains-financial-post.md) | -0.6% | -0.9% |
| DXY | 2022-09-29 | [C$ slides as currency handbook goes 'out the window' \| Financial Post](https://feedsoft.ai/events/39814-c-slides-as-currency-handbook-goes-out-the-window-financial-post.md) | -1.0% | -1.1% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/currencies-slip-as-dollar-gains-on-safe-haven-demand-rand-drops-1

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