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The rand and South African stocks weakened on January 24 as Russia-West tensions over Ukraine drove investors to the dollar. The rand traded near 15.28 per dollar, about 1.2% weaker, ahead of central bank meetings.
Risk-off flows and a stronger dollar raise the rand cost of imports, while tighter Fed policy tends to drain capital from emerging markets.
reuters.comJan 24, 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.
