# Rand softer as Moody’s relief rally fades - Moneyweb

> The rand weakened on Tuesday, trading 0.35% lower at 14.21 per dollar after a firmer US manufacturing reading lifted the greenback. The currency had earlier rallied more than 3% after Moody's delayed a potential downgrade. Weak South African factory data also weighed on sentiment.

- Date: 2019-04-02 · published 2019-04-02T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/59860-rand-softer-as-moody-s-relief-rally-fades-moneyweb
- 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

A stronger dollar raises the local cost of imported feed and fertilizer for South African buyers. The move reflects currency sentiment rather than any change in agricultural supply.

## Read by commodity

- DXY: bullish ▲
- USDZAR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-09-27 | [Rand falls in early trade, focus on Mining Charter - Moneyweb](https://feedsoft.ai/events/63337-rand-falls-in-early-trade-focus-on-mining-charter-moneyweb.md) | +0.4% | +1.6% |
| DXY | 2019-09-30 | [Rand weaker as investors seek shelter in dollar - Moneyweb](https://feedsoft.ai/events/57360-rand-weaker-as-investors-seek-shelter-in-dollar-moneyweb.md) | -0.2% | -1.4% |
| DXY | 2022-06-13 | [Rand drops as dollar rises on slowdown worries - Moneyweb](https://feedsoft.ai/events/41266-rand-drops-as-dollar-rises-on-slowdown-worries-moneyweb.md) | +1.0% | +2.9% |
| DXY | 2017-09-28 | [What’s behind the rand selloff? - Moneyweb](https://feedsoft.ai/events/69234-what-s-behind-the-rand-selloff-moneyweb.md) | +0.2% | +1.4% |
| DXY | 2022-09-28 | [Rand weakens as dollar advances on hawkish Fed - Moneyweb](https://feedsoft.ai/events/39845-rand-weakens-as-dollar-advances-on-hawkish-fed-moneyweb.md) | -1.8% | -1.5% |

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-softer-as-moodys-relief-rally-fades/

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