# Rand weakens 1% as metals fall, dollar gains - Moneyweb

> The rand weakened 1% to 13.53 per dollar as the dollar strengthened against the euro and commodities such as platinum fell. Emerging market currencies broadly declined alongside.

- Date: 2018-07-23 · published 2018-07-23T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/64326-rand-weakens-1-as-metals-fall-dollar-gains-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

Dollar strength and weaker commodity prices reduce the rand's appeal and raise import costs for South African feed buyers, though the move is primarily a routine currency wrap.

## Read by commodity

- DXY: bullish ▲
- USDZAR: bullish ▲

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-weakens-1-as-metals-fall-dollar-gains/

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