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The rand has weakened considerably in recent weeks due to a strong dollar, Red Sea shipping attacks, the 2024 election and South Africa's fiscal position. Port problems are also hindering exports, and the first US rate cut is now expected later than March.
Port and shipping disruptions in South Africa limit export capacity and push up freight costs, while a stronger dollar raises local costs for imported feed. Both effects are mainly local currency and logistics issues.
poundsterlinglive.comGary HowesJan 31, 2024Not enough comparable past events yet for a historical read.
Not 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.
