Loading…
The rand fell about 1.8% to 17.40 per dollar on 3 February 2023 after S&P Global's South Africa PMI dropped to 48.7 in January from 50.2 in December. The reading showed the fastest pace of business contraction in a while.
A weak economic survey and a weaker rand point to softer domestic demand and higher import costs for feed inputs. The effect on global grain prices is limited.
reuters.comFeb 3, 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.
