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The South African rand opened slightly stronger on Monday, supported by higher gold and platinum prices and a weaker dollar. The rand traded at 14.795 per dollar, about 0.2% firmer than its previous close.
Traders were watching domestic data releases and a municipal election.
This is a routine currency move with no new fundamental driver for feed markets. A firmer rand modestly lowers the local cost of imported feed ingredients.
brecorder.comReutersOct 25, 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.
