# Rand takes a beating on US rate hike talk - Moneyweb

> The rand fell 1.5% to 13.57 per dollar, its weakest since July, after Fed Chair Janet Yellen signaled continued rate hikes. Gold stocks also fell and emerging-market assets saw outflows.

- Date: 2017-09-27 · published 2017-09-27T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/69233-rand-takes-a-beating-on-us-rate-hike-talk-moneyweb
- Commodities: [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 hawkish Fed lifts the dollar and raises emerging-market import costs, so a weaker rand makes imported feed ingredients more expensive for South African buyers.

## Read by commodity

- DXY: bullish ▲
- USDZAR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-04-23 | [Rand hits 3-month low on soaring dollar - Moneyweb](https://feedsoft.ai/events/65802-rand-hits-3-month-low-on-soaring-dollar-moneyweb.md) | +0.9% | +3.3% |
| DXY | 2023-05-25 | [Gold hits 2-month low on US debt talks progress, rate hike bets \| Reuters](https://feedsoft.ai/events/35842-gold-hits-2-month-low-on-us-debt-talks-progress-rate-hike-bets-reuters.md) | -0.4% | -1.1% |
| DXY | 2023-02-28 | [Rand pressured by a stronger US dollar - Moneyweb](https://feedsoft.ai/events/37617-rand-pressured-by-a-stronger-us-dollar-moneyweb.md) | -0.7% | -0.9% |
| DXY | 2018-07-18 | [Rand weaker after upbeat Fed; traders cautious before CPI - Moneyweb](https://feedsoft.ai/events/64328-rand-weaker-after-upbeat-fed-traders-cautious-before-cpi-moneyweb.md) | +0.0% | +1.3% |
| DXY | 2022-09-28 | [Rand weakens as dollar advances on hawkish Fed - Moneyweb](https://feedsoft.ai/events/39845-rand-weakens-as-dollar-advances-on-hawkish-fed-moneyweb.md) | -1.8% | -1.5% |

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/markets/rand-takes-a-beating-on-us-rate-hike-talk/

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