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The rand weakened early on Friday to R17.55 per dollar, retreating from a nine-week high set on Thursday. Traders were waiting for US President Trump's response to China's Hong Kong security moves.
Local April trade balance and budget figures were also due later that day.
Rising US-China tensions weigh on emerging-market currencies and risk appetite, which can pressure commodity prices and raise import costs for South African feed buyers.
moneyweb.co.zaOlivia Kumwenda-Mtambo, ReutersMay 29, 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.
