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The South African rand firmed slightly after four days of losses as the dollar benefited from Donald Trump's US election win. The rand had lost almost 5% against the greenback since the election, with investors expecting Trump's policies to bring stronger US growth and possible inflation.
The rand's recovery eases import costs for South African feed buyers, but the election-driven dollar strength remains a risk. Expected US inflation and policy shifts could weaken the rand again.
reuters.comNov 14, 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.
