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The rand gained in early trade on July 26, trading about 0.6% stronger at 18.26 per dollar. Markets focused on the US PCE inflation reading, a key gauge for the timing of Fed rate cuts.
Expectations of earlier US rate cuts weaken the dollar and support emerging-market currencies, which lowers the rand cost of dollar-denominated feed imports.
cnbcafrica.comReutersJul 26, 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.
