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The rand strengthened early on July 31 to about 18.22 per dollar ahead of the Federal Reserve's policy decision, which was expected to leave rates unchanged. Markets were pricing a cut at the September meeting.
A firmer rand ahead of Fed easing expectations lowers the rand cost of dollar-priced imports, which slightly eases the local cost of imported feed inputs.
cnbcafrica.comReutersJul 31, 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.
