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The rand was little changed in early trade on Friday at R17.34 against the dollar, as investors awaited S&P Global and Moody's scheduled reviews of South Africa's sovereign credit ratings. Analysts expected the ratings and outlooks to be left unchanged.
Rating decisions can move the rand and bond yields, but the expected unchanged outcome implies little direct impact on dollar-denominated feed import costs.
moneyweb.co.zaNellie Peyton, ReutersNov 18, 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.
