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The South African Reserve Bank upgraded its 2021 inflation and GDP growth forecasts and signalled it had no objection to a stronger rand this year. The rand traded between 14.75 and 15.00 per dollar while most emerging-market currencies weakened.
The central bank's signal of tolerance for a stronger rand suggests limited pressure on the currency, which can gradually ease dollar-priced import costs for feed buyers.
poundsterlinglive.comJames SkinnerMar 25, 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.
