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The rand weakened slightly to 18.855 against the dollar on Friday after the South African Reserve Bank held its main lending rate unchanged for the third meeting in a row. The dollar was about 0.4% weaker against a basket of currencies.
A hawkish central bank hold supports the rand, slightly lowering import costs for feed ingredients in South Africa with minimal global price effect.
reuters.comNov 24, 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.
