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South Africa's November inflation came in better than expected, with fuel-price inflation falling to 1.8% from 11.2% in October. The rand rebounded after the release, and the USD/ZAR pair sat near 19.09 ahead of the FOMC and Bank of England decisions.
Lower inflation strengthens the case for future SARB rate cuts and affects rand-denominated import costs. Feed commodity prices are not directly moved by this currency swing.
invezz.comKatya SteadDec 13, 2023Not 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.
