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Emerging-market currencies were muted on Thursday as the dollar steadied and markets awaited the Fed's Jackson Hole symposium. The rand weakened 0.2%, lagging peers, and African government bonds fell in early trading amid rising Delta variant cases.
A weaker rand modestly raises the local cost of imported feed for South African buyers, and the risk-off tone is a minor headwind for commodity-linked currencies.
moneyweb.co.zaShreyashi Sanyal, ReutersAug 26, 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.
