# South Africa's rand falls nearly 3 percent on U.S. political turmoil

> The rand fell nearly 3% to the dollar as investors moved out of emerging-market currencies amid political turmoil in the United States. The move followed a Reuters report on contacts between Trump campaign figures and Russian officials, and the rand was quoted at 13.52 per dollar.

- Date: 2017-05-18 · published 2017-05-18T12:00:00.000Z
- Category: macro · region South Africa · magnitude medium
- Page: https://feedsoft.ai/events/71286-south-africa-s-rand-falls-nearly-3-percent-on-u-s-political-turmoil
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A sharp safe-haven move out of emerging currencies raises the rand cost of dollar-priced imports, and risk-off sentiment can pressure commodity prices broadly.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/article/business/finance/south-africas-rand-falls-nearly-3-percent-on-us-political-turmoil-idUSL8N1IK2H5/

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