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The rand hit its strongest level against the dollar since mid-December, trading near R18.01 in morning trade. The dollar weakened against most currencies despite continued attacks from Trump on South Africa.
A stronger rand reduces the rand cost of imported feed ingredients, while broad dollar weakness supports dollar-priced commodities.
news24.comMar 18, 2025Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
