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The rand weakened early on Wednesday to 16.4950 per dollar after a rally to its strongest level since June 10. Investors took profits ahead of the SARB policy decision and US jobless claims data.
Benchmark 2030 bond yields rose 2.5 basis points to 9.33%.
This is routine currency profit-taking with no change to feed commodity fundamentals.
cnbcafrica.comReutersJul 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.
