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The rand was little changed in early trade on Wednesday after losing up to 1.4% the previous day on soaring US Treasury yields. Rand Merchant Bank said the currency's losses reflected dollar gains and continued hawkish Fed talk.
Currency moves of this size have a limited direct effect on global feed prices, but they raise the local cost of imported feed for South African buyers.
moneyweb.co.zaTannur Anders, ReutersSep 27, 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.
