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The rand fell 1.5% to 13.57 per dollar, its weakest since July, after Fed Chair Janet Yellen signaled continued rate hikes. Gold stocks also fell and emerging-market assets saw outflows.
A hawkish Fed lifts the dollar and raises emerging-market import costs, so a weaker rand makes imported feed ingredients more expensive for South African buyers.
moneyweb.co.zaMfuneko Toyana, ReutersSep 27, 2017After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
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.
