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The rand rallied late on May 28 after the SARB raised its key rate by 25 basis points to 7%. The rand traded near 16.3 per dollar, its highest level since mid-April, and the bank lowered growth projections.
A stronger rand after the hike reduces the local cost of dollar-priced grain and oilseed imports. Gains were capped by dollar strength and weaker gold prices.
dmarketforces.comJulius AlagbeJun 1, 2026Not 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.
