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Nedbank analyst Walter De Wet said the rand could outperform currencies such as the Mexican peso, Canadian dollar and euro in the tariff environment, provided South Africa avoids further punitive tariffs. He noted that the US dollar has reached its highest real trade-weighted level since 1985, and that tariffs often drive currency depreciation.
If the rand holds up better than peers, South African feed importers may face a smaller currency-driven rise in costs than buyers in exposed markets. The outlook hinges on whether South Africa is hit by new US tariffs.
poundsterlinglive.comSam CoventryFeb 28, 2025Not 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.
