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The rand rose to a seven-week high against the dollar after South Africa's June trade surplus widened more than expected to R12 billion on strong precious metals, base metals and vehicle parts exports. Local stocks also ended higher.
A firmer rand raises the local-currency cost of imported feed inputs for South African buyers, while commodity export strength supports the country's trade position.
moneyweb.co.zaReutersJul 31, 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.
