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The rand firmed on December 11 alongside other emerging-market currencies and stocks after better-than-expected South African manufacturing data and a pause in the dollar rally. The rand traded at 14.33 per dollar.
A firmer rand modestly lowers the local cost of imported feed ingredients, though the country's fiscal risks keep investors cautious.
moneyweb.co.zaNomvelo Chalumbira, Patricia Aruo, ReutersDec 11, 2018Not 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.
