
The South African rand weakened about 1.5% against a stronger dollar on January 30, trading near 15.985 per dollar. Traders were weighing the release of monthly central bank, revenue and Treasury data, which showed M3 money supply growth easing and private sector credit growth accelerating in December.
A weaker rand raises the rand cost of South African imports and marginally supports dollar-denominated export values, a small factor for feed-ingredient buyers tracking South African trade flows.
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.