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The rand fell about 1.3% on April 29 ahead of the US Federal Reserve decision, which was expected to hold rates steady. Stalled Iran peace diplomacy and soaring fuel prices weighed on sentiment.
A stronger dollar and risk-off move raise the local cost of imported feed ingredients for South African buyers. Persistent energy costs also feed through to inflation and logistics.
reuters.comApr 29, 2026Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
