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The rand strengthened on Wednesday, January 26, as global risk appetite improved ahead of the Fed's policy decision. The rand traded near 15.18 per dollar, about 0.4% stronger, and markets expected a March rate hike.
A firmer rand lowers the rand cost of dollar-priced feed imports, though the expected Fed tightening limits the upside for emerging-market currencies.
financialpost.comReutersJan 26, 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.
