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The rand held its gains on external factors as the emerging-market currency index reached a high. The dollar was near five-month lows after dovish Federal Reserve comments, and strong US CPI data renewed debate over inflation.
A stronger rand as dollar weakness spreads across emerging markets lowers import costs for South African feed buyers, though inflation debate could reverse the trend.
iol.co.zaMay 27, 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.
