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The rand is among the world's top ten performers this year despite speculation that President Jacob Zuma may fire Finance Minister Pravin Gordhan. The currency barely moved after political unrest in parliament, and credit default swaps fell to their lowest level since 2014.
Investors are more worried about faster US rate hikes and Donald Trump's trade policies.
Lower South African political risk supports a firmer rand, which lowers the local cost of dollar-priced feed imports. US rate and trade risks remain the main external factors for the currency.
moneyweb.co.zaXola Potelwa, BloombergFeb 16, 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.
