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South Africa's rand strengthened about 0.9% to 18.37 per dollar on Friday after Trump called for lower interest rates from the Federal Reserve. The South African Reserve Bank's rate decision was due the following week.
A weaker dollar lowers the rand cost of dollar-priced imports, but this is a minor currency move with little direct effect on feed grain or meal prices. Analysts flagged tariff risk as a limit on further gains.
reuters.comJan 24, 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.
