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The rand recovered earlier losses against the dollar on December 22 after shrugging off concerns about a new coronavirus strain. Thin holiday trade and firm demand for the dollar limited further gains.
Currency swings of this size have little effect on imported feed costs or global grain prices. The move reflects general emerging-market sentiment rather than a shift in commodity fundamentals.
poundsterlinglive.comJames SkinnerDec 22, 2020Not 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.
