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The rand slid to a seven-week low on Wednesday as the dollar gained on expectations of a US rate increase by year-end. Yellen reaffirmed plans for gradual rate hikes despite inflation running below target, and the rand traded at R13.47 per dollar.
Higher US rate expectations draw capital from emerging markets and raise dollar-priced feed import costs for South African buyers.
therep.co.zaTimesLIVESep 27, 2017After 2,356 past bullish macro events, DXY 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.
