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The South African rand edged higher on Thursday, trading at 17.31 per dollar, about 0.2% stronger than its previous close. Risk appetite improved after recent US and South African rate cuts, and the rand has hit repeated 20-month highs this week.
A firmer rand raises the rand cost of dollar-priced imports such as feed ingredients and fertilizer, and lowers the rand value of South African grain and oilseed exports.
reuters.comSep 26, 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.
