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The rand recovered on Tuesday after touching a four-month low of 15.19 per dollar in a global risk sell-off. Traders cited profit-taking after the dollar's rally and positioning ahead of the budget speech, and analysts pointed to South Africa's power cuts and debt trajectory.
The rebound reduces short-term import cost pressure for South African feed buyers, but the rand remains exposed to the budget and the Moody's review.
moneyweb.co.zaMfuneko Toyana, ReutersMar 1, 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.
