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The rand rose about 2% against the dollar and pound after ECB President Draghi signaled possible new stimulus for the eurozone. Credit Suisse expects further gains but warns that the rally could reverse quickly.
Expected ECB easing pushes capital toward emerging-market currencies such as the rand, which lowers South African import costs for feed ingredients.
poundsterlinglive.comJames SkinnerJun 18, 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.
