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The rand weakened 1% to 13.53 per dollar as the dollar strengthened against the euro and commodities such as platinum fell. Emerging market currencies broadly declined alongside.
Dollar strength and weaker commodity prices reduce the rand's appeal and raise import costs for South African feed buyers, though the move is primarily a routine currency wrap.
moneyweb.co.zaPatricia Aruo, ReutersJul 23, 2018Not enough comparable past events yet for a historical read.
Not 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.
