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The South African rand edged stronger in early trade on Wednesday as the dollar weakened against a basket of currencies. Traders were positioning ahead of the release of October budget and trade data and comments from Fed Chair Jerome Powell.
A firmer rand lowers the local-currency cost of dollar-priced imports such as feed ingredients and fuel, modestly easing import costs for South African feed buyers.
brecorder.comReutersNov 30, 2022Not 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.
