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The South African rand fell in early trade to 15.32 per dollar, 0.29% weaker, as investors moved into the dollar after a Wall Street sell-off. The sell-off followed a Federal Reserve policy statement that flagged a slowdown in the pace of the US recovery.
A weaker rand raises the local cost of imported feed inputs such as corn and soymeal for South African buyers, while risk-off flows tend to support dollar-denominated commodity costs.
polity.org.zaJan 28, 2021Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, DXY moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
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.
