Rand stable after interest rate move.

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Rand was firm after SARB rate decision to lower interest rates by 0,25%.

The rand initially moved to 13,03, but strenghtened from these levels. Currently trading at 12,95 to the dollar.

Rand trading just below the 40day moving average.

CBOT corn moved to 3,80 in the nearby month. After making a high of 3,97 on the 9 July, after short covering within a weather market.

South African closing parity as per above indicators- 1970.