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The rand firmed to about 17.60 per dollar in early trade, paring losses from the previous day. The move followed comments from the central bank governor on lowering the inflation target and ahead of September inflation data.
Rand strength lowers the local cost of imported feed inputs priced in dollars. The move is driven by currency and monetary factors rather than feed supply.
cnbcafrica.comReutersOct 18, 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.
