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The rand weakened slightly against major currencies after a consumer confidence index fell to 7 points from 22 in the third quarter. The dollar traded at R13.9714.
Traders were focused on the upcoming Trump-Xi meeting and a Fed speech.
Weak domestic sentiment and a softer rand raise the local-currency cost of dollar-priced feed imports. The effect on grain prices is limited.
businessday.co.zaNov 28, 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.
