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The rand weakened in early trade on April 30 ahead of monthly data releases from the central bank, revenue service and Treasury. Private-sector credit growth was expected to slow to about 9.6% y/y in March, and the 2035 bond yield was near 8.86%.
Weaker rand adds to import costs for feed ingredients priced in dollars. Expected narrowing of the trade surplus due to oil-driven import costs signals ongoing currency pressure.
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.