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The rand weakened about 1.4% on Tuesday to 19.03 per dollar as surging US Treasury yields drove investors away from risk assets. South African bond yields also rose, with the 2030 bond up 12 basis points.
A weaker rand raises the rand cost of imported feed ingredients for South African livestock and poultry producers, while global feed prices are largely unaffected.
finance.yahoo.comReutersSep 26, 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.
