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The rand has fallen almost 3% this month as the dollar gained on Trump-related political expectations and firmer US rates. The article text is mostly page navigation with little substantive detail.
A weaker rand raises the local-currency cost of imported feed ingredients priced in dollars. The effect is a currency move rather than a supply change.
news24.comOct 25, 2024Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
