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The rand firmed 0.11% to 15.945 per dollar on December 10 after US November consumer inflation, at 6.8%, matched economists' forecasts. This eased worries about an aggressive Federal Reserve taper.
South African stock indexes were broadly flat, though the currency stayed weak on Omicron worries.
Inflation in line with expectations reduces the risk of abrupt dollar strength, which supports emerging-market currencies such as the rand. This slightly lowers the cost of dollar-priced feed imports for South African buyers.
naija247news.comSub ZeroDec 10, 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.
