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The rand firmed on Wednesday after Fed Chair Powell signalled the Fed would hold rates steady, with the currency at about 14.92 per dollar. Retail sales growth in South Africa was weak at 0.2% year-on-year.
US rate expectations drive emerging-market currency flows, and a firmer rand slightly lowers South African feed import costs.
za.investing.comNov 13, 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.
