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The rand traded near R19 to the dollar in Asian trade on December 11 as the dollar strengthened after US November payrolls showed unemployment falling to 3.7% from 3.9%. The stronger US data lifted Treasury yields and reduced expectations for early US rate cuts.
A firmer dollar pressures emerging-market currencies such as the rand and tends to weigh on dollar-priced commodity exports. The effect on feed prices is modest.
sabcnews.comSABCDec 11, 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.
