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The rand strengthened on Monday, May 27, supported by a weaker dollar, ahead of a week featuring the national election and an interest rate decision. It traded at 18.33 against the dollar, about 0.5% stronger than its previous close.
A firmer rand modestly lowers the local cost of dollar-priced feed imports, though the effect is small and driven mainly by broader dollar moves.
reuters.comMay 27, 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.
