Loading…
The rand strengthened to a 10-month high of about 18.03 per dollar on May 21, a week before the general election. Analysts cited expectations that the vote outcome was unlikely to disrupt markets.
A stronger rand lowers the local cost of dollar-priced feed ingredients, though election risk later reversed part of this move.
reuters.comMay 21, 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.
