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The rand weakened about 0.2% to 16.99 per dollar in early trade ahead of November budget and trade balance data. Private sector credit grew 8.3% year on year in November, after 9.34% in October.
The 2030 government bond yield fell 2 basis points to 10.235%.
Routine currency moves ahead of data releases have little effect on feed prices, but a weaker rand slightly raises the cost of imported feed inputs for South African buyers.
moneyweb.co.zaBhargav Acharya, ReutersDec 30, 2022Not 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.
