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The rand has been at a 20-month high against the dollar, trading at R17.16 on Thursday evening. Old Mutual's chief economist expects it could break the R15 level within three to six months as US rate cuts continue.
Analyst forecasts of further rand gains point to lower dollar-denominated import costs for South African feed buyers, though the outlook depends on US rate cuts.
moneyweb.co.zaLiesl PeyperSep 27, 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.
