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The rand fell nearly 3% to the dollar as investors moved out of emerging-market currencies amid political turmoil in the United States. The move followed a Reuters report on contacts between Trump campaign figures and Russian officials, and the rand was quoted at 13.52 per dollar.
A sharp safe-haven move out of emerging currencies raises the rand cost of dollar-priced imports, and risk-off sentiment can pressure commodity prices broadly.
reuters.comMay 18, 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.
