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The rand strengthened past 16 per dollar on January 26 for the first time in almost four years, reaching as strong as 15.998. The move was driven by a dollar debasement trade that also lifted emerging-market currencies, stocks and gold to record highs.
The move reflects broad dollar weakness that tends to support dollar-priced commodities and reduces the local cost of imported feed inputs for emerging-market buyers.
bloomberg.comMpho HlakudiJan 26, 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.
