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The rand recovered slightly on July 30, trading 0.3% stronger at 18.38 per dollar, while investors awaited the Fed decision and South Africa's June budget balance. The JSE Top-40 dipped 0.1% and the 2030 bond yield fell to 9.49%.
A small rand recovery ahead of key US and local data lowers the rand cost of dollar-priced imports, though the move is too small to shift feed-ingredient prices.
finimize.comFinimize NewsroomJul 30, 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.
