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Emerging-market assets fell on Friday as a possibly more dangerous COVID-19 variant was detected, prompting new travel restrictions. The rand dropped 2% to an over one-year low and has lost more than 5.5% in two weeks.
The sharp rand sell-off raises the local cost of dollar-priced feed ingredients for South African buyers. Broader risk aversion may also weigh on commodity demand.
reuters.comSusan MathewNov 26, 2021Not 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.
