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The rand has gained about 13% against the dollar since a one-year low on November 13, but its rally has stalled after Ramaphosa's ANC win. Derivatives markets suggest the currency is vulnerable to a selloff, and it slipped 0.2% to 12.72 per dollar.
The stalling rand signals limited further currency-driven easing of South African import costs. Feed buyers see little direct price effect.
moneyweb.co.zaPaul Wallace, BloombergDec 20, 2017Not 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.
