Loading…
The rand weakened early on 11 December ahead of South African and US inflation readings, trading at 17.85 per dollar. Markets were watching US November CPI for clues on whether the Fed would cut rates the following week.
South African inflation was expected to rise to 3.1% in November from 2.8%.
Inflation data that shifts Fed rate expectations moves the dollar, which affects dollar-priced grain and feed import costs. The rand move itself has little direct feed-market impact.
brecorder.comReutersDec 11, 2024Not 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.
