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The South African rand gained on Friday as the US dollar slipped, trading about 0.6% stronger at 18.1450 per dollar. Analysts warned that pressure could build again as bets on Trump's policies remain a key market driver.
Dollar-driven swings in the rand change the local cost of imported feed ingredients. Expectations about US trade policy could reverse the gain and raise import costs.
reuters.comNov 15, 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.
