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The rand firmed in afternoon trade as Eskom suspended its latest power cuts. Markets focused on US inflation data due later in the week, forecast to reach a four-decade high of 7.3%, which could raise bets on faster Fed rate hikes.
Expectations of faster US rate hikes strengthen the dollar against emerging-market currencies, which raises import costs for South African buyers. The Eskom easing supports the local economy.
reuters.comFeb 8, 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.
