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The rand weakened about 0.5% to 15.16 per dollar in early trade as the dollar firmed on global markets. Attention turned to the South African Reserve Bank's first policy meeting of 2021, where most analysts expected rates to be held at 3.5%.
Rand weakness raises the cost of imported feed inputs for South African buyers, and a possible rate cut would add further pressure on the currency.
moneyweb.co.zaAlexander Winning, ReutersFeb 1, 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.
