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The rand edged up to about 18.58 per dollar at the start of a week with heavy South African data releases. The dollar was slightly weaker against a basket of currencies.
The rand had gained roughly 2% the previous week, mainly on offshore factors.
The rand is largely following global dollar movements, so its near-term direction depends on US data and Fed expectations. The small move has limited direct effect on feed import costs.
brecorder.comReutersAug 28, 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.
