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The rand fell about 1% to R19.01 per dollar on June 30 as a stronger greenback followed Federal Reserve Chair Jerome Powell's comments hinting at more rate hikes. The rand had still gained more than 4% against the dollar since the start of June.
Monthly budget and trade balance data were due later that day.
A weaker rand makes dollar-priced feed imports more expensive for South African buyers. The move is a short-term pullback after a strong June rally.
moneyweb.co.zaTannur Anders, ReutersJun 30, 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.
