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The South African rand firmed in early trade on Friday ahead of a day of local economic data, trading at 18.0625 per dollar. Analysts said the money supply, credit, and trade balance figures would influence the currency in coming weeks.
Routine currency moves on local data have little direct effect on feed ingredient prices. A firmer rand would modestly lower import costs for South African buyers.
brecorder.comReutersNov 29, 2024Not 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.
