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The rand firmed on Tuesday after the South African Reserve Bank kept its repo rate unchanged at 7 percent and warned of inflation risks. A globally weaker dollar on concerns over Trump's protectionist stance also supported the currency.
Rate holds and a softer dollar support emerging-market currencies and platinum prices, with negligible direct impact on feed ingredient prices.
moneyweb.co.zaOlivia Kumwenda-Mtambo, Ed Stoddard, ReutersJan 24, 2017After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
