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The South African rand strengthened to a nine-month high on Friday, helped by a weaker dollar and a rebound in gold prices. The moves followed Fed Chair Jerome Powell's signal of a possible rate cut at the September meeting.
The rand had been range-bound earlier in the week despite the highest consumer inflation print in ten months.
A firmer rand lowers the local-currency cost of South African imports and can affect South African demand for feed-grade commodities. The main driver is the dollar's weakness after dovish Fed signals.
reuters.comSfundo ParakozovAug 22, 2025Not 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.
