# Rand falls in early trade, focus on Mining Charter - Moneyweb

> The rand fell early on Thursday as the dollar firmed after the Federal Reserve raised US interest rates. Investors also awaited details of amendments to South Africa's Mining Charter, which could face legal challenges if mining companies object.

- Date: 2018-09-27 · published 2018-09-27T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/63337-rand-falls-in-early-trade-focus-on-mining-charter-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 firmer dollar and a weaker rand raise the rand cost of imported feed ingredients and add some pressure on South African feed costs. The currency move is driven mainly by US rate policy rather than grain fundamentals.

## Read by commodity

- DXY: bullish ▲
- USDZAR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-10-31 | [Rand weakens against stronger dollar; focus on mid-term budget - Moneyweb](https://feedsoft.ai/events/33915-rand-weakens-against-stronger-dollar-focus-on-mid-term-budget-moneyweb.md) | -1.4% | -2.9% |
| DXY | 2019-04-02 | [Rand softer as Moody’s relief rally fades - Moneyweb](https://feedsoft.ai/events/59860-rand-softer-as-moody-s-relief-rally-fades-moneyweb.md) | -0.2% | +0.5% |
| DXY | 2017-09-27 | [Rand takes a beating on US rate hike talk - Moneyweb](https://feedsoft.ai/events/69233-rand-takes-a-beating-on-us-rate-hike-talk-moneyweb.md) | +0.5% | +1.5% |
| DXY | 2018-07-18 | [Rand weaker after upbeat Fed; traders cautious before CPI - Moneyweb](https://feedsoft.ai/events/64328-rand-weaker-after-upbeat-fed-traders-cautious-before-cpi-moneyweb.md) | +0.0% | +1.3% |
| DXY | 2018-04-23 | [Rand hits 3-month low on soaring dollar - Moneyweb](https://feedsoft.ai/events/65802-rand-hits-3-month-low-on-soaring-dollar-moneyweb.md) | +0.9% | +3.3% |

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-falls-in-early-trade-focus-on-mining-charter/

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