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The rand was subdued in early trade at 16.71 per dollar, tracking other emerging-market currencies while investors awaited the US Federal Reserve decision and comments from Chair Kevin Warsh. South Africa's M3 money supply growth slowed to 9.31% in June, and private-sector credit growth eased.
The rand's direction depends mainly on the Fed outcome and dollar moves, which set the cost of dollar-priced feed imports for South African buyers. The impact on global feed prices is small.
au.marketscreener.comReutersJul 29, 2026Not enough comparable past events yet for a historical read.
After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% over 20.
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.
