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The rand dipped early Thursday as the dollar was supported by Federal Reserve minutes that were less dovish than some traders had expected. South African bonds were flat.
Power cuts by the utility Eskom highlighted growth obstacles, though local markets largely shrugged them off.
Hawkish Fed signals can strengthen the dollar and raise local import costs for emerging-market feed buyers. The rand move alone has little effect on global feed prices.
moneyweb.co.zaAlexander Winning, ReutersAug 20, 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.
