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Asian markets were mixed ahead of the JSE's opening as investors digested Federal Reserve minutes that pointed to 50-basis-point hikes at the next couple of meetings. Brent crude traded flat at $114.40 a barrel, and the rand was 0.22% weaker at R15.75 per dollar.
Expected aggressive US tightening supports the dollar and pressures emerging-market currencies. Higher interest rates also raise financing costs for feed and grain trade.
businessday.co.zaKarl GernetzkyMay 26, 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.
