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The rand was slightly firmer early on December 6, at 16.03 per dollar, about 0.2% stronger than the previous close. Early anecdotal reports suggested Omicron may cause mainly mild infections, though researchers said more evidence was needed.
Analysts expected the rand to recover further, depending on the Fed's tightening outlook.
Easing fears of severe Omicron outbreaks support risk appetite and limit dollar strength against the rand. This modestly lowers dollar-priced import costs for South African feed buyers.
sabcnews.comTshepiso MocheDec 6, 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.
