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The rand weakened 0.43% to R13.88 per dollar on Tuesday, ending a rally that had pushed it through the R14.00 level. Risk appetite cooled after Trump said a US-China trade deal was not certain, even though talks had progressed.
A weaker rand raises the rand cost of dollar-priced imports such as feed ingredients and freight, while commodity-linked currency moves tend to follow global risk sentiment.
moneyweb.co.zaOlivia Kumwenda-Mtambo, Tiisetso Motsoeneng, ReutersFeb 26, 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.
