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The rand firmed in early trade on Friday, extending the previous session's gains after softer US inflation data. It traded at R17.32 against the dollar, and the Top-40 and all-share indexes rose more than 2%.
A firmer rand lowers the local-currency cost of dollar-priced feed ingredient imports, supporting South African buyers' landed costs.
moneyweb.co.zaAnait Miridzhanian, ReutersNov 11, 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.
