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The rand strengthened as the US dollar retreated broadly at the start of a holiday-shortened week, pushing USD/ZAR and GBP/ZAR below key chart levels. Analysts pointed to commodity links and high yields as drivers of the rand's gains.
A firmer rand reduces the local cost of imported feed for South African buyers, while the broader dollar weakness modestly supports dollar-priced commodities.
poundsterlinglive.comJames SkinnerAug 31, 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.
