# Rand, stocks rise as Trump trips up dollar - Moneyweb

> The rand gained more than one percent against the dollar after comments by President Trump and an administration member weakened the greenback. The dollar index fell to its weakest in nearly two months, and South African stocks ticked up, led by gold and platinum shares.

- Date: 2017-01-31 · published 2017-01-31T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/73244-rand-stocks-rise-as-trump-trips-up-dollar-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 weaker dollar and firmer resource prices support emerging-market currencies and dollar-denominated commodity prices, which can modestly lift feed ingredient values.

## Read by commodity

- DXY: bearish ▼
- USDZAR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-09-29 | [Rand firmer on dollar dip, trade surplus, stocks gain - Moneyweb](https://feedsoft.ai/events/69232-rand-firmer-on-dollar-dip-trade-surplus-stocks-gain-moneyweb.md) | +0.3% | +1.7% |
| DXY | 2017-03-28 | [Stocks, dollar  slip as Trump  trade deflates](https://feedsoft.ai/events/72195-stocks-dollar-slip-as-trump-trade-deflates.md) | +0.6% | +0.1% |
| DXY | 2019-04-05 | [Rand gains on slow US wage growth, stocks up - Moneyweb](https://feedsoft.ai/events/59858-rand-gains-on-slow-us-wage-growth-stocks-up-moneyweb.md) | -0.3% | +0.5% |
| DXY | 2017-06-29 | [Rand extends gains as dollar selling continues - Moneyweb](https://feedsoft.ai/events/70775-rand-extends-gains-as-dollar-selling-continues-moneyweb.md) | +0.3% | -1.7% |
| DXY | 2024-07-31 | [Stocks rise; yields, dollar lower as Fed signals rate cut](https://feedsoft.ai/events/29141-stocks-rise-yields-dollar-lower-as-fed-signals-rate-cut.md) | -0.5% | -1.9% |

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-stocks-rise-as-trump-trips-up-dollar/

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