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The South African rand fell early to 15.0850 per dollar, 0.17% weaker, as investors awaited the outcome of the US Federal Reserve's policy meeting. Analysts expected the Fed to keep its ultra-easy monetary stance.
Currency moves ahead of the Fed meeting affect the rand-denominated cost of dollar-priced feed ingredients, though the move here is small and routine.
brecorder.comReutersJan 27, 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.
