# Rand hits one-week low on EM selloff, stocks dip on MTN - Moneyweb

> The rand fell to its weakest level since August 20 as emerging-market currencies sold off on concerns about the US-China trade truce, Turkey's financial crisis and Argentina's peso crash of over 7%. Stocks opened lower after MTN tumbled 23% when Nigerian authorities ordered it to address a dispute.

- Date: 2018-08-30 · published 2018-08-30T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/63825-rand-hits-one-week-low-on-em-selloff-stocks-dip-on-mtn-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A weaker rand raises the dollar cost of South African imports, including feed ingredients, and signals broader risk-off flows that can pressure emerging-market feed buyers' currency costs.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-retreats-in-global-risk-off-trade/

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