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The rand rose to a six-week best of about 14.52 per dollar on December 12 after the Federal Reserve held rates steady. Weak local data on mining output and producer prices continued to point to subdued economic activity.
A firmer rand modestly reduces import costs for South African feed buyers, while the Fed hold supports emerging-market currencies through carry-trade demand.
moneyweb.co.zaMfuneko Toyana, Naledi Mashishi, ReutersDec 12, 2019Not 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.
