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The rand weakened 0.42% to 12.4675 per dollar in cautious trade ahead of S&P's rating review, after the South African Reserve Bank held rates. Analysts cited dollar strength and short interest as pressure points.
Routine currency commentary with no new cause for feed markets; it only describes a small move in a currency that matters little to global grain prices.
moneyweb.co.zaMfuneko Toyana, ReutersMay 25, 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.
