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The rand was little changed at about R18.84 to the dollar in early trade on December 1, ahead of comments from Fed Chair Powell. Fed policymakers had signalled that rate hikes were likely over, though they left room for further tightening.
Currency moves tied to Fed guidance shape emerging-market risk appetite and dollar-denominated commodity demand. This is routine currency commentary with no direct feed price impact.
moneyweb.co.zaBhargav Acharya, ReutersDec 1, 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.
