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The rand gained for a fifth straight week, reaching R17.07/$ at Friday's low point, after a 40-cent rally from Monday's high. Support came from the US rate cut, positive sentiment toward South Africa, and China's stimulus package, which lifted the yuan.
Stronger emerging-market currencies and firmer Chinese demand expectations can ease the rand cost of imported feed inputs and support commodity export values.
currencypartners.co.zaSaska Le GrangeSep 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.
