# Rand ends winning streak on trade war fears - Moneyweb

> The rand fell more than 1% to 13.48 per dollar, snapping a six-session winning streak, after President Trump said Washington would impose further tariffs on Chinese goods. Commodity stocks led the decline as precious metals fell globally.

- Date: 2018-07-11 · published 2018-07-11T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/64327-rand-ends-winning-streak-on-trade-war-fears-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Expanded US tariffs on Chinese goods increase the risk of retaliation against US farm exports and weigh on global demand for commodities.

## Read by commodity

- SOY: bearish ▼
- USDZAR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-04-06 | [Rand falls on trade war fears, stocks up - Moneyweb](https://feedsoft.ai/events/65807-rand-falls-on-trade-war-fears-stocks-up-moneyweb.md) | +2.9% | +1.2% |
| SOY | 2018-03-23 | [Asian markets jittery over trade war fears](https://feedsoft.ai/events/66230-asian-markets-jittery-over-trade-war-fears.md) | +1.5% | -0.1% |
| SOY | 2018-08-01 | [EM ASIA FX-Most Asian currencies tread water as Fed eyed amid trade war fears](https://feedsoft.ai/events/63792-em-asia-fx-most-asian-currencies-tread-water-as-fed-eyed-amid-trade-war-fears.md) | -1.6% | -9.2% |
| SOY | 2018-07-11 | [Why US-China trade war is weakening the South African rand \| CNBC Africa](https://feedsoft.ai/events/64325-why-us-china-trade-war-is-weakening-the-south-african-rand-cnbc-africa.md) | -1.5% | +4.3% |
| SOY | 2021-11-01 | [Harvesting another trade war - R Street Institute](https://feedsoft.ai/events/44036-harvesting-another-trade-war-r-street-institute.md) | -3.5% | +0.5% |

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-ends-winning-streak-on-trade-war-fears/

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