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The South African rand weakened against the dollar in early Wednesday trade, trading at R16.98 per dollar. Traders were assessing a combative first US presidential debate between Trump and Biden.
Rand weakness raises the cost of South African dollar-priced imports, though the currency move is small and mainly reflects pre-election risk caution with limited direct grain or feed price impact.
moneyweb.co.zaOlivia Kumwenda-Mtambo, ReutersSep 30, 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.
