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The rand fell to a one-month low of about 17.98 per dollar ahead of a Reserve Bank rate decision. South Africa is seeking a US trade deal before a 30% tariff on its exports takes effect on August 1, and it has offered US LNG purchases and $3.3 billion of US investment.
A rate cut alongside tariff risk could weaken the rand further, which raises import costs for feed ingredients priced in dollars. The outcome of the US talks is the main swing factor for the currency.
cnbcafrica.comReutersJul 31, 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.
