# Rand falls on trade war fears, stocks up - Moneyweb

> The rand weakened 0.63% to 12.05 per dollar on Friday as renewed US-China trade tensions and signs of a slowing South African economy weighed on sentiment. Trump had directed officials to identify tariffs on $100 billion more of Chinese imports, and Beijing vowed to respond.

- Date: 2018-04-06 · published 2018-04-06T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/65807-rand-falls-on-trade-war-fears-stocks-up-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Escalating US-China tariffs threaten soybean and grain trade flows and pressure emerging-market currencies, reinforcing risk-off conditions that can weigh on commodity demand.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- USDZAR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-07-11 | [Rand ends winning streak on trade war fears - Moneyweb](https://feedsoft.ai/events/64327-rand-ends-winning-streak-on-trade-war-fears-moneyweb.md) | -1.5% | +4.3% |
| 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 | 2019-03-02 | [As trade war wears on, U.S. soybean farmers start to worry that China's demand won't return](https://feedsoft.ai/events/60197-as-trade-war-wears-on-u-s-soybean-farmers-start-to-worry-that-china-s-demand.md) | -1.7% | -1.7% |
| SOY | 2017-01-26 | [America's farmers stand to lose the most in a China trade war](https://feedsoft.ai/events/72863-america-s-farmers-stand-to-lose-the-most-in-a-china-trade-war.md) | -1.8% | -4.1% |
| SOY | 2018-04-04 | [Oil down slightly; U.S. inventory draw offsets trade war fears](https://feedsoft.ai/events/10845-oil-down-slightly-u-s-inventory-draw-offsets-trade-war-fears.md) | +1.2% | +0.4% |
| CORN | 2018-03-23 | [Asian markets jittery over trade war fears](https://feedsoft.ai/events/66230-asian-markets-jittery-over-trade-war-fears.md) | +1.9% | +3.1% |
| CORN | 2025-02-26 | [Mexican Peso tumbles on trade war fears, US high yields boost USD](https://feedsoft.ai/events/26263-mexican-peso-tumbles-on-trade-war-fears-us-high-yields-boost-usd.md) | -6.0% | -0.4% |
| CORN | 2017-01-26 | [America's farmers stand to lose the most in a China trade war](https://feedsoft.ai/events/72863-america-s-farmers-stand-to-lose-the-most-in-a-china-trade-war.md) | +1.9% | +1.7% |

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-falls-on-trade-war-fears-stocks-up/

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