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The South African rand was steady on Friday at 17.1975 per dollar, holding recent gains. Gains followed a 20-month high driven by the US Federal Reserve's rate cut last week and improved risk sentiment after the formation of a coalition government.
Steady rand strength keeps dollar-priced feed and fertilizer imports cheaper in local currency terms for South African buyers.
brecorder.comReutersSep 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.
