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The rand traded flat at R16.63 per dollar on June 10 as investors waited for the US Federal Reserve policy decision. The Fed was not expected to cut rates but was seen moving to curb rising bond yields.
Analysts described the rand's undervaluation versus the dollar as a bullish case for the second half.
Currency stability keeps the local cost of imported feed ingredients steady, while the Fed decision could shift emerging-market risk appetite. The impact on feed prices is indirect.
moneyweb.co.zaMfuneko Toyana, ReutersJun 10, 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.
