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The rand reversed earlier losses to trade flat at 14.5600 per dollar after March US inflation data came in stronger than expected. The dollar fell to three-week lows.
Johannesburg stocks rose as markets recovered from a heavy sell-off the previous day.
US inflation data shapes expectations for Fed rates, which drive the dollar and emerging-market currencies. Feed buyers in South Africa face currency-driven import costs that move with these expectations.
brecorder.comReutersApr 13, 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.
