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The rand edged higher to 18.68 per dollar as markets assessed Trump's changed tariff stance, after he suspended threatened steep tariffs on Mexico and Canada for 30 days. The US also imposed tariffs on Chinese imports, which China quickly answered, and the rand had earlier slumped almost 2% on news of suspended US funding to South Africa.
Tariff pauses and retaliation shift the dollar and emerging-market currencies, which changes the local cost of imported feed inputs. The move was small and mostly reflects short-term market reaction.
reuters.comFeb 4, 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.
