Loading…
South Africa's rand fell early on Tuesday as risk appetite waned after Russia sent troops into two breakaway regions of eastern Ukraine. The rand traded at 15.1854 per dollar, and the 2030 bond yield rose 5.5 basis points.
Risk-off selling weakens the rand, which raises the cost of dollar-priced imports for South African feed buyers. Gold and commodity strength partly cushioned the move.
brecorder.comReutersFeb 22, 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.
