Loading…
The South African rand rose 0.9% against a softer dollar ahead of local manufacturing output data. Investors were also watching the dollar's move ahead of the US consumer price index release.
A softer dollar ahead of key US inflation data reflects shifting Fed expectations that can influence dollar-priced commodities. The direct impact on feed markets is small.
cnbcafrica.comReutersApr 11, 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.
