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The rand softened early on Friday, trading at 17.50 per dollar, after gaining about 1.4% during a week that included rate cuts by the US Federal Reserve and the South African Reserve Bank. South Africa's inflation print for August also came in at 4.4%, the lowest since April 2021.
Short-term profit-taking after a strong run can reverse currency gains, which would briefly raise the rand cost of dollar-priced feed imports.
cnbcafrica.comReutersSep 20, 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.
