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The rand pushed past R17.70 to the dollar on Monday 26 August after dovish comments from Fed Chair Powell at Jackson Hole. Investec's chief economist expects the rand to average R18.00 per dollar in the third quarter.
Fed easing expectations are supporting emerging-market currencies, lowering import costs for dollar-priced feed ingredients, though analysts flag volatility risk tied to US data.
businesstech.co.zaGovernmentAug 26, 2024Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
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.
