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The rand weakened to around 17.3 per dollar, its lowest since October 22, as the dollar gained after Fed Chair Powell said a December cut was not guaranteed. Traders also weighed the Trump-Xi trade deal given China's importance to South Africa.
Reduced expectations of further Fed easing support the dollar, which weighs on dollar-priced grains and meal and raises the local cost of imported inputs.
tradingeconomics.comLuisa CarvalhoOct 30, 2025Not 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.
