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The rand weakened early on Thursday as the dollar gained after Russian-backed separatists in eastern Ukraine accused government forces of attacks, which Ukraine denied. Russia had massed troops on the border, and the rand traded at 15.0375 per dollar.
Rising Ukraine tensions lift the dollar and weigh on the rand, which raises the cost of dollar-priced feed imports. The rand had been resilient, supported by South Africa's terms of trade.
brecorder.comReutersFeb 17, 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.
