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The rand extended a week-long rally into Wednesday as a retreat by the dollar helped emerging-market currencies. Analysts warned the rand could come under renewed pressure if the Federal Reserve signalled more hikes at its meeting that evening.
Currency swings tied to Fed policy change the rand cost of imported feed inputs. The Fed outcome, rather than any grain-specific factor, is the main driver of the expected move.
poundsterlinglive.comJames SkinnerSep 26, 2018Not enough comparable past events yet for a historical read.
After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% over 20.
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.
