Loading…
The rand weakened in early Tuesday trade as the dollar rose after Federal Reserve comments suggested rates could stay higher for longer. Several South African economic releases were due later in the week.
A weaker rand raises the rand cost of imported feed for South African buyers, but the move has little effect on global feed commodity prices.
brecorder.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.
