# Rand rally sputters as Trump’s tweet triggers sanctions concern - Moneyweb

> The rand dropped as much as 1.9% against the dollar, the most among emerging-market peers, after President Trump asked the Secretary of State to study South African land seizures. The move halted a four-day winning streak, and South Africa's foreign ministry said it would seek clarification from the US embassy.

- Date: 2018-08-23 · published 2018-08-23T12:00:00.000Z
- Category: geopolitics · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/63827-rand-rally-sputters-as-trump-s-tweet-triggers-sanctions-concern-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Fears of US sanctions on South Africa weaken the rand, raising the local-currency cost of dollar-priced feed imports.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-rally-sputters-as-trumps-tweet-triggers-sanctions-concern/

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