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The South African rand strengthened early on Friday as US Treasury yields eased from 15-year highs and the dollar softened. Traders turned to local August money supply, trade and budget data.
A firmer rand lowers the local-currency cost of imported feed inputs for South African buyers, though the effect on global feed prices is minimal.
brecorder.comReutersSep 29, 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.
