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The South African rand regained some lost ground against the US dollar on Friday, trading at 18.9350 and about 0.5% weaker than its prior close. The rand had weakened in preceding days on higher US Treasury yields and a spike in local inflation.
Rand moves change the rand cost of imported dollar-priced feed ingredients, and rising local inflation adds pressure on feed buyers.
reuters.comOct 20, 2023Not 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.
