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The rand edged lower early on December 14 at 16.05 per dollar, 0.23% weaker, as investors awaited the outcome of the US Federal Reserve meeting. South African bond yields also rose slightly.
Local CPI and other data were due later that week.
Expectations of faster Fed tightening strengthen the dollar and pressure emerging-market currencies such as the rand, raising dollar-denominated import costs. The move is small and mainly reflects positioning ahead of events.
furtherafrica.comDec 14, 2021Not 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.
