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The South African rand firmed early to 15.0850 per dollar, 0.56% stronger, as hopes for a large US stimulus package supported emerging-market sentiment. Bipartisan talk on vaccine priority in the Biden administration's $1.9 trillion proposal also helped.
A firmer rand lowers the local cost of dollar-priced feed imports, and US stimulus expectations influence the dollar and global commodity demand outlook.
brecorder.comReutersJan 25, 2021Not enough comparable past events yet for a historical read.
Not 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.
