# How Italy is knocking the rand: analyst – BusinessTech

> Analysts at TreasuryONE say Italy's political impasse, after the president blocked a coalition government, drove investors into US Treasuries and out of the euro and emerging markets. The rand was pushed toward R12.70 per dollar on the risk-off trading.

- Date: 2018-05-30 · published 2018-05-30T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/65292-how-italy-is-knocking-the-rand-analyst-businesstech
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A stronger dollar and risk-off flows weaken emerging-market currencies and can dampen import demand for feed ingredients priced in dollars.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼
- USDZAR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2023-05-28 | [The Dollar Is Still King in Europe, and It’s Swaying Interest Rates - WSJ](https://feedsoft.ai/events/36156-the-dollar-is-still-king-in-europe-and-it-s-swaying-interest-rates-wsj.md) | +0.1% | +2.3% |
| EURUSD | 2018-06-14 | [Here’s how the ECB just breathed new life into the dollar rally, analysts say - MarketWatch](https://feedsoft.ai/events/64721-here-s-how-the-ecb-just-breathed-new-life-into-the-dollar-rally-analysts-say.md) | -1.6% | -0.8% |
| EURUSD | 2024-11-13 | [Why is the euro falling and could it hit $1?](https://feedsoft.ai/events/7554-why-is-the-euro-falling-and-could-it-hit-1.md) | -0.2% | -0.8% |
| EURUSD | 2024-04-23 | [Where king dollar is causing pain the most](https://feedsoft.ai/events/30983-where-king-dollar-is-causing-pain-the-most.md) | +0.6% | +1.9% |
| EURUSD | 2022-02-11 | [Rate hike bets support the dollar amid surging US inflation - Markets - Business Recorder](https://feedsoft.ai/events/42876-rate-hike-bets-support-the-dollar-amid-surging-us-inflation-markets-business.md) | -1.1% | -4.8% |
| DXY | 2023-05-28 | [The Dollar Is Still King in Europe, and It’s Swaying Interest Rates - WSJ](https://feedsoft.ai/events/36156-the-dollar-is-still-king-in-europe-and-it-s-swaying-interest-rates-wsj.md) | -0.5% | -1.4% |
| DXY | 2018-06-14 | [Here’s how the ECB just breathed new life into the dollar rally, analysts say - MarketWatch](https://feedsoft.ai/events/64721-here-s-how-the-ecb-just-breathed-new-life-into-the-dollar-rally-analysts-say.md) | +1.1% | +0.5% |
| DXY | 2025-05-08 | [How the Fed’s Hold on Rates Is Affecting Stock, Bond, and Commodity Markets \| Investing.com](https://feedsoft.ai/events/24579-how-the-fed-s-hold-on-rates-is-affecting-stock-bond-and-commodity-markets.md) | +0.5% | -0.9% |

## Sources

- businesstech.co.za: https://businesstech.co.za/news/finance/248221/how-italy-is-knocking-the-rand-analyst/

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