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A gauge of rand risk sentiment, the 25-delta risk reversal, fell to 1.75 basis points, its lowest level on record going back more than two decades. The fall followed Trump saying he would prefer not to impose tariffs on China, South Africa's largest trading partner.
Improved sentiment toward the rand lowers the dollar's appeal in emerging markets, though tariff policy remains volatile. The impact on feed prices is limited.
moneyweb.co.zaMpho Hlakudi, BloombergJan 24, 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.
