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South Africa's rand fell in early trade on Thursday as the Ukraine war dragged on and commodity prices, which benefit the resource-rich country, declined. The rand traded at 14.5000 per dollar, about 0.3% weaker than its previous close.
Gold, platinum and palladium also edged lower.
Softer commodity prices weigh on South African export earnings and the rand. The move is small and routine, with limited direct impact on feed commodity prices.
brecorder.comReutersMar 31, 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.
