Loading…
The rand firmed in early trade on Monday, supported by broad gains in commodity prices. Brent crude rallied above $115 a barrel after Houthi attacks on Israel widened the Middle East war.
Commodity export strength supports the rand, but sustained oil gains could unwind the precious metals rally protecting it, affecting import costs for feed inputs.
cnbcafrica.comReutersMar 30, 2026Not enough comparable past events yet for a historical read.
After 323 past bullish macro events, Crude Oil (Brent) moved a median +0.7% over 5 sessions (58% higher; middle half -2.9% to +3.7%), and +1.3% over 20.
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.
