Loading…

The rand was steady at 15.93 per dollar in early Wednesday trade as investors awaited US PCE inflation data and the Jackson Hole symposium. The rand was supported by a lower dollar and steady to better commodity prices.
The rand tracks global risk sentiment and dollar moves tied to US inflation data, which shape the cost of dollar-priced imports for South Africa. Stable commodity prices limited the currency's direction.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.