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The rand rose more than 1% on Wednesday as demand for riskier assets recovered and the dollar pulled back. It traded at 14.3310 per dollar.
Inflation rose to 4.0% in December, and the South African Reserve Bank had cut its main rate to 6.25% the previous week.
A firmer rand lowers the local cost of dollar-priced feed imports, though rising inflation limits the scope for further rate cuts.
africa.timesofnews.comJan 23, 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.
