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The rand firmed on Friday as global risk appetite was supported by signs that the US Federal Reserve would keep lending rates low despite rising inflation. The currency had hit a 16-month high earlier in the week and traded at 14.1350 per dollar.
Rand strength tied to Fed policy and commodity prices lowers the local cost of dollar-denominated feed imports.
reuters.comMay 14, 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.
