Loading…
The rand strengthened against a weaker dollar on Friday as investors scaled back bets on how high central banks will raise rates. The rand traded at 15.8075 per dollar, and the dollar index fell 0.18% to 104.21.
Global stocks rose as falling commodity prices eased inflation worries.
A weaker dollar and softer rate expectations support dollar-priced grain and meal imports for South Africa, while lower commodity prices ease feed input costs. The effect on feed prices is modest.
sabcnews.comTshepiso MocheJun 25, 2022Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
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.
