
The rand weakened against the dollar as investors digested the Federal Reserve's hawkish stance after Fed Chair Jerome Powell said at Jackson Hole that rates would rise and stay high. The dollar had hit a 20-year high earlier in the week, and markets priced in large rate hikes by both the Fed and the ECB.
A stronger dollar and higher US rates pressure emerging-market currencies and raise import costs for South African buyers of feed inputs, while the dollar's strength weighs on dollar-denominated grain prices.
Belum cukup peristiwa historis yang sebanding untuk analisis historis.
Setelah 2.356 peristiwa makro bullish sebelumnya, Dolar AS (Luas) bergerak median +0,2% selama 5 sesi (60% lebih tinggi; separuh tengah -0,3% sampai +0,7%), dan +0,4% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.