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The South African rand strengthened early on Tuesday as the dollar weakened on global markets. The move followed a fall in the dollar on US economic indicators pointing to possible further Fed rate hikes.
The rand's move reflects dollar sentiment rather than any change in feed supply or demand. The effect on grain and oilseed prices is minimal.
businesstech.co.zaApr 18, 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.
