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The rand posted its worst week since April against the dollar and sterling, underperforming as investors moved into European currencies. European currencies gained after the EU recovery fund and better growth prospects in Europe, while the dollar was sold heavily through the week.
Analysts noted that the market was short dollars.
Shifts in capital flows from emerging markets to Europe affect the broader dollar trend, which in turn influences dollar-priced grain and oilseed markets only marginally.
poundsterlinglive.comJames SkinnerJul 31, 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.
