Loading…
The rand strengthened over recent weeks after the US Federal Reserve cut rates by 50 basis points, and reached R17.03/$ on Friday. It has not yet broken the R17.00 resistance level, which analysts say needs further momentum.
Currency strength in South Africa tends to lower local feed and input costs for importers, while the US rate-cut driver also supports emerging-market currencies generally.
businesstech.co.zaLuke FraserSep 30, 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.
