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The rand firmed to about 14.78 per dollar as emerging-market demand rose after the US-Mexico trade deal. The gains were tempered by ongoing political worries in South Africa and by tariff disputes between the US and major partners.
A firmer rand modestly lowers the local cost of imported feed inputs for South African buyers, while the broader risk-appetite shift reflects easing trade tensions.
moneyweb.co.zaMfuneko Toyana, ReutersJun 11, 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.
