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The rand strengthened sharply in the week to March 25 after the Reserve Bank raised rates, moving toward levels last seen in October 2021. The week also featured the Ukraine war entering its second month without a peace path and rising US inflation.
The rand opened the week near R14.95 per dollar.
A stronger rand reduces the local-currency cost of dollar-priced imports for South African feed buyers. Broader war-driven commodity volatility remains the main risk to the trend.
forexforecasts.co.zaAlex PaynterMar 28, 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.
