# SA Rand Follows Chinese Yuan, Euro Lower as U.S. Dollar Rebound Continues | Investing.com ZA

> The rand fell alongside the Chinese yuan and euro as the dollar rebounded for a fourth day, driven by US-China tensions and uncertainty ahead of the November election. The rand moved above R17.00 per dollar after Fed Chair Powell said the central bank had used all the tools it could think of.

- Date: 2020-09-24 · published 2020-09-24T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/51396-sa-rand-follows-chinese-yuan-euro-lower-as-u-s-dollar-rebound-continues
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A stronger dollar and weaker emerging currencies raise the local-currency cost of imported feed ingredients, while US-China tensions add risk to Chinese purchases of US feed grains.

## Read by commodity

- DXY: bullish ▲
- USDCNY: bullish ▲
- USDZAR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-06-19 | [EUR/USD Loses Ground as Market Sentiment Favours the US Dollar \| Investing.com](https://feedsoft.ai/events/11516-eur-usd-loses-ground-as-market-sentiment-favours-the-us-dollar-investing-com.md) | +0.4% | +0.1% |
| DXY | 2018-06-26 | [The US Dollar's Weakness Saved The Aussie From Retesting Its Lows \| Investing.com AU](https://feedsoft.ai/events/64775-the-us-dollar-s-weakness-saved-the-aussie-from-retesting-its-lows-investing-com.md) | +0.8% | -0.1% |
| DXY | 2024-07-27 | [Chinese yuan hits eight-month low with missed inflation data and US dollar rebound \| FX Blue](https://feedsoft.ai/events/9350-chinese-yuan-hits-eight-month-low-with-missed-inflation-data-and-us-dollar.md) | -0.2% | -1.8% |
| DXY | 2019-05-10 | [The U.S. Dollar Is Suggesting Global Rates Will Continue To Fall \| Investing.com](https://feedsoft.ai/events/59255-the-u-s-dollar-is-suggesting-global-rates-will-continue-to-fall-investing-com.md) | +0.2% | -0.1% |
| DXY | 2024-07-10 | [Chinese yuan hits eight-month low with missed inflation data and US dollar rebound - VT Markets](https://feedsoft.ai/events/12298-chinese-yuan-hits-eight-month-low-with-missed-inflation-data-and-us-dollar.md) | -0.6% | +0.2% |
| USDCNY | 2024-07-27 | [Chinese yuan hits eight-month low with missed inflation data and US dollar rebound \| FX Blue](https://feedsoft.ai/events/9350-chinese-yuan-hits-eight-month-low-with-missed-inflation-data-and-us-dollar.md) | -1.2% | -1.7% |
| USDCNY | 2020-03-19 | [Chinese Yuan Slides As Finance Investors Rush To Safe Haven Dollar](https://feedsoft.ai/events/54323-chinese-yuan-slides-as-finance-investors-rush-to-safe-haven-dollar.md) | +0.9% | +0.3% |
| USDCNY | 2024-07-10 | [Chinese yuan hits eight-month low with missed inflation data and US dollar rebound - VT Markets](https://feedsoft.ai/events/12298-chinese-yuan-hits-eight-month-low-with-missed-inflation-data-and-us-dollar.md) | -0.1% | -1.6% |

## Sources

- za.investing.com: https://za.investing.com/analysis/sa-rand-follows-chinese-yuan-euro-lower-as-us-dollar-rebound-continues-200441473

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