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The rand firmed about 0.45% to 14.2400 per dollar, erasing the previous session's losses. South African headline inflation rose to 3.2% year-on-year in March, but the currency barely reacted.
Analysts said the rand is vulnerable to a short-term correction.
A stronger rand reduces the local cost of imported feed grains and meal. Inflation still sits within the central bank's target range, so rate-driven currency moves look unlikely.
sabcnews.comCelestine HendricksApr 22, 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.
