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The rand steadied in early trade on December 3 at R15.92 per dollar, not far from its previous close of R15.94. Omicron uncertainty continued to weigh on sentiment and buoy the dollar.
Analysts warned that the economic outlook was weakening because of possible tighter restrictions.
A flat rand leaves dollar-priced feed import costs for South African buyers largely unchanged. The Omicron-driven uncertainty could lead to renewed currency moves later.
moneyweb.co.zaOlivia Kumwenda-Mtambo, ReutersDec 3, 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.
