# Sell the South African Rand, says Bank of America, an October Rally is Not Coming

> The rand slumped on Friday as emerging-market assets sold off after Bloomberg reported Trump was weighing limits on US portfolio flows into China and restrictions on Chinese firms listing in US markets. Bank of America advised selling the rand, expecting further weakness into October.

- Date: 2019-09-27 · published 2019-09-27T12:00:00.000Z
- Category: trade · region South Africa · magnitude medium
- Page: https://feedsoft.ai/events/57361-sell-the-south-african-rand-says-bank-of-america-an-october-rally-is-not-coming
- 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

Escalating US-China financial measures increase risk-off pressure on emerging-market currencies, raising import costs for South African feed buyers and tilting the trade outlook negative.

## Read by commodity

- DXY: bullish ▲
- USDZAR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-08-29 | [U.S. soybean export sales down, but not out \| CoBank \| Cooperative. Connected. Committed.](https://feedsoft.ai/events/14726-u-s-soybean-export-sales-down-but-not-out-cobank-cooperative-connected-committed.md) | +0.5% | -0.7% |
| DXY | 2018-06-19 | [Talk of new tariffs extends flight to haven currencies, sparking yen and dollar rally - MarketWatch](https://feedsoft.ai/events/64807-talk-of-new-tariffs-extends-flight-to-haven-currencies-sparking-yen-and-dollar.md) | -0.2% | -0.3% |
| DXY | 2020-04-21 | [Soybeans: Probably led lower by the energy complex - OCBC - Forex Crunch](https://feedsoft.ai/events/53674-soybeans-probably-led-lower-by-the-energy-complex-ocbc-forex-crunch.md) | +0.6% | -0.2% |
| DXY | 2024-11-15 | [COMMENT-Trump win weighs heavily on the Malaysian ringgit](https://feedsoft.ai/events/27685-comment-trump-win-weighs-heavily-on-the-malaysian-ringgit.md) | +0.1% | +0.2% |
| DXY | 2019-09-30 | [Aussie range bound ahead of tomorrow's RBA rate decision - OFX](https://feedsoft.ai/events/57334-aussie-range-bound-ahead-of-tomorrow-s-rba-rate-decision-ofx.md) | -0.2% | -1.4% |

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/zar/12120-sell-the-south-african-rand-says-bank-of-america-an-october-rally-is-not-coming

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