# What’s behind the rand selloff? - Moneyweb

> The rand weakened nearly 2% since September 25 to R13.53 per dollar, its lowest since July. The move followed Yellen's comments on possible December rate hikes and Trump's proposed tax cuts, which together drove a dollar rally.

- Date: 2017-09-28 · published 2017-09-28T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/69234-what-s-behind-the-rand-selloff-moneyweb
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md), [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

The dollar rally driven by Fed rate expectations and US tax plans raises the cost of dollar-priced feed imports for emerging-market buyers, and it pressures currencies such as the Mexican peso and Brazilian real.

## Read by commodity

- DXY: bullish ▲
- USDBRL: bullish ▲
- USDMXN: bullish ▲
- USDZAR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-04-16 | [What's behind the USD's bullish break out? \| MUFG EMEA](https://feedsoft.ai/events/12556-what-s-behind-the-usd-s-bullish-break-out-mufg-emea.md) | +0.5% | -0.3% |
| DXY | 2022-08-26 | [Only time will tell if the undervalued rand will trend stronger - Moneyweb](https://feedsoft.ai/events/40330-only-time-will-tell-if-the-undervalued-rand-will-trend-stronger-moneyweb.md) | +1.1% | +3.4% |
| DXY | 2016-11-24 | [What’s moving the rupee - The HinduBusinessLine](https://feedsoft.ai/events/74120-what-s-moving-the-rupee-the-hindubusinessline.md) | -0.3% | +0.7% |
| DXY | 2022-04-28 | [Rand pressured by strong dollar - Moneyweb](https://feedsoft.ai/events/42125-rand-pressured-by-strong-dollar-moneyweb.md) | +0.1% | -0.4% |
| DXY | 2018-06-29 | [Market rout sends African assets from the rand to bonds reeling - Moneyweb](https://feedsoft.ai/events/64817-market-rout-sends-african-assets-from-the-rand-to-bonds-reeling-moneyweb.md) | -1.1% | -0.9% |
| USDBRL | 2018-04-24 | [Brazil FX: What’s driving the BRL’s underperformance? - Euromoney](https://feedsoft.ai/events/65703-brazil-fx-what-s-driving-the-brl-s-underperformance-euromoney.md) | +1.1% | +7.6% |
| USDBRL | 2022-06-15 | [EMERGING MARKETS - Latam FX slips after bruising selloff, Peru's sol rises - Monex USA](https://feedsoft.ai/events/41237-emerging-markets-latam-fx-slips-after-bruising-selloff-peru-s-sol-rises-monex.md) | +0.4% | +5.6% |
| USDBRL | 2023-10-31 | [USDBRL should reflect monetary policy decisions from Brazil, the US, Japan, and England and data for the US and China](https://feedsoft.ai/events/33832-usdbrl-should-reflect-monetary-policy-decisions-from-brazil-the-us-japan-and.md) | -2.9% | -2.8% |

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/markets/whats-behind-the-rand-selloff/

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