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The rand posted record April gains, rising 4.2% against the dollar and 3% against the pound. Trading at 14.271 per dollar, it faces thin liquidity after a public holiday.
The week's main event is the Federal Reserve rate decision.
A stronger rand lowers the rand cost of dollar-priced grain and meal imports. Currency moves depend on the Fed tone, which affects global risk appetite.
cbn.co.zaArticle by: Cape Business NewsApr 29, 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.
