Loading…
The South African rand slipped in early trade on Tuesday against a slightly stronger dollar. The Reserve Bank's leading business cycle indicator for February fell 0.7% month on month, its third straight monthly decline.
A falling leading indicator signals a weaker domestic economic outlook, which can pressure the rand. The effect on feed commodity prices is limited.
brecorder.comReutersApr 25, 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.
