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The rand reached its strongest level in 22 months, trading at 13.8550 per dollar, after Federal Reserve officials eased concerns about near-term rate hikes and the dollar softened. Bond yields also eased.
Dollar weakness against the rand reduces the local cost of imported feed inputs, while lower US rate expectations support broader commodity demand.
brecorder.comReutersMay 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.
