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A TreasuryONE market commentary examines the factors that caused the rand to stumble during the week of April 21 and whether a recovery is possible. The piece covers the rand's recent weakness tied to power cuts, floods and the hawkish Fed outlook.
The page also includes unrelated later-dated content.
The rand's weakness raises the local cost of imported feed inputs for South African buyers. The commentary describes existing moves without a new commodity-specific driver.
moneyweb.co.zaFifi PetersApr 21, 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.
