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The rand and South African mining stocks strengthened on Wednesday as the dollar fell on uncertainty over US stimulus. The rand moved to 12.97 per dollar, and AngloGold Ashanti fell after saying it may cut 8,500 jobs.
A weaker dollar supports dollar-priced commodities, but this is a routine currency and equity wrap with no new agricultural supply or demand driver.
moneyweb.co.zaMfuneko Toyana, Olwethu Boso, ReutersJun 28, 2017Not 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.
