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The rand slipped about 0.4% against the dollar after mixed South African data showed a March trade surplus and a budget deficit. The move also reflected a 0.3% fall in first-quarter US GDP, which lifted the dollar.
A weaker rand raises the cost of USD-priced feed imports for South African buyers, while the stronger dollar adds upward pressure on dollar-priced grains and meals.
marketscreener.comMarketScreenerApr 30, 2025
tradingview.comApr 30, 2025Not enough comparable past events yet for a historical read.
After 53 past bullish report events, US Dollar (Broad) moved a median +0.1% over 5 sessions (51% higher; middle half -0.4% to +0.5%), and +0.5% 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.
